Barclays re-establishes Australian presence to serve Australian clients

Barclays re-establishes Australian presence to serve Australian clients

Barclays re-establishes Australian presence to serve Australian clients

The FINANCIAL -- Barclays announced on April 26 the opening of an Australian office of Barclays Capital Asia Limited based in Sydney.

The office will focus on providing a core product offering including advisory and capital markets to local corporate and institutional clients who will also benefit from our extensive global expertise.

“Re-establishing our on-the-ground presence in Australia, the third largest financial market in Asia Pacific, is an important part of our strategy to grow our franchise,” said Tim Throsby, President, Barclays International, and CEO, Corporate and Investment Bank. “We are committed to devoting financial resources and providing solutions to our Australian clients while supporting the growth and improvement of our global franchise.”

Jaideep Khanna, Head of Barclays, Asia Pacific, added, “We always manage our business dynamically, looking at opportunities to deliver growth and improve returns for our shareholders, and re-establishing a focused presence in Australia aligns to that approach. Today’s announcement further underscores our commitment to Asia Pacific, and our focus on one of the most promising markets in the region.”

Led by Paul Early and Richard Satchwell, the Australia team will help extend the momentum of the Barclays franchise in Asia Pacific. Barclays already serves a number of Australian clients, and supports global clients who value access to the Australian market, according to Barclays.

“An onshore presence will allow us to better serve our key Australian clients and is consistent with our wider Asia strategy of meeting the global needs of our local clients and the Asia needs of our global clients,” added Reid Marsh, Head of Banking, Europe, Middle East and Asia Pacific. I am confident that our clients as well as our franchise will benefit under the proven leadership and expertise of Paul and Richard.”