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Monday, April 29, 2024

Barclays Says It’s Winning Asia Banking Business From US Firms

 

  • Barclays hires 11 senior sales and traders for Asia markets
  • Asia clients want to deal with non-US banks to diversify risk

Barclays Plc says it’s gaining market share in Asia from some US rivals after it hired almost a dozen senior sales and trading staff in the past year to accelerate the buildout of various business lines.

The additions include six directors for its macro unit trading currencies and rates who were hired from rivals including Goldman Sachs Group Inc. and Citigroup Inc. The UK bank also added two managing directors for its equity derivatives, private credit and distressed debt operations, Hossein Zaimi, head of Asia-Pacific markets, said in an interview from Hong Kong.

https://www.bloomberg.com/news/articles/2024-04-30/barclays-says-it-s-winning-asia-business-from-us-firms

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