Barclays Wealth is to close its wealth management call centre in Peterborough with the loss of 392 jobs following a 12-month review into its operations process. A spokeswoman for Barclays Wealth told the Peterborough Today newspaper that 200 back office roles in Peterborough would be relocated to Glasgow, where the business has been growing its administration hub for some years. A further 150 jobs are to be axed as Barclays Wealth outsources its fund administration to the Bank of New York Mellon, in Essex and Liverpool. Another 42 posts will go when a number of smaller parts of the business are also moved to other parts of the UK. The changes will be phased in over 15 months, and the business will exit Peterborough at the end of 2008.