Barclays Herculean task
Barclays first quarter profits have been hit by its restructuring programme, falling 25% to £1.8bn.
Barclays first quarter profits have been hit by its restructuring programme, falling 25% to £1.8bn.
Barclays Wealth & Investment Management has appointed Steve Clarke to its senior management team as director of offshore and local markets, based in the Isle of Man.
Lesley Corlett has joined the Isle of Man’s Barclays Wealth and Investment Management as a vice president and head of compliance.
Barclays chief executive Antony Jenkins is to scale back the investment bank’s equities and advisory businesses in Asia and Europe as part of his restructuring plan which will result in 3,700 jobs getting axed.
Authorities in the UK are probing allegations that Barclays Bank made a loan to the Qatar Investment Authority for it to invest in the bank at the height of the 2008 financial crisis in order to avoid a government bailout, according to a report in the Financial Times.
Barclays bank, which is already facing a series of allegations, is reportedly under investigation by the US Department of Justice over claims it made improper payments to win a licence in Saudi Arabia.
Barclays has appointed Francis Wood as managing director in wealth an investment management focusing on the West African market.
Barclays has set up an Independent Asset Managers team in Singapore to target the ultra high net worth market.
Coutts has poached former Barclays Wealth head of product Keith Wilson to become its managing director, head of products and services.
Qatar Asset Management Company (QAMC) and Barclays Natural Resources Investments (BNRI) have agreed a strategic partnership.
Barclays has appointed four senior private bankers to its Singapore office, in a move which it said underlines the countrys importance as a wealth management hub for the bank.
Barclays and GAM have teamed up to launch a proposition based on alternative, quantitatively-run indices managed by Barclays.