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This statistic shows the projection of direct staff (full-time equivalent) in the private banking and wealth management sector in the United Kingdom (UK) in 2016, by region. The projection is based on data collected for the first, second and third quarter of 2016. Wealth management is a broad category of financial services, which includes management of client's assets, and optimization of investment portfolio, according to client's financial goals and objectives. Private banking provides services that might not include investments. It typically centers around high-net-worth-individuals (HNWIs) financial needs, offering personalized care of clients' finances, either by public or private financial institution. In 2016, approximately 16.1 thousand staff was projected to be working in London in private banking and wealth management services.