LONDON, Reuters Barclays, unveiling its biggest revamp since 2016, sought to appease investors seeking a clearer route to less volatile returns.

Yet the British lender39;s plan to dedicate fewer financial resources to its investment bank is at odds with ambitions to expand in some of the unit39;s higherrisk businesses, investors said.

Barclays has historically devoted much of its capital to investment banking, roiling more conservative shareholders who say other businesses posting more reliable profits have been underinvested as a result.

The bank will continue to allocate the lion39;s share of its firepower to investment banking, and while a bigger push into domestic lending is broadly welcomed, some analysts and investors are unconvinced the bank can grow market share enough to meet its lofty revenue goals, against strong competition and a skittish UK economy.

Barclays39; longawaited strategic update presented on Tuesday will have the bank return at least 10 billion pounds 12.66 billion to investors and reorganize into five units from the current three business lines, a move it said would create a simpler and better balanced bank.

This socalled resegmentation aims to give investors greater transparency of performance in each division, unlike the previous structure which reported corporate lending and investment banking revenues together, the bank said.

In a key part of the overhaul, Barclays will reduce the share of riskweighted assets RWA devoted to its…