Barclays Capital Inc.

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Barclays Capital Inc.
Barclays Capitallogo.gif
Founded 1986
Headquarters London
Key People Robert E. Diamond, Jr., president, Barclays PLC/CEO, Investment Banking & Investment Mgmt;
Jerry del Missier; Roger Jenkins, head, Barclays Private Equity, Principal Investments & Structured Capital Products;
Robert Morrice, chairman/chief executive, Asia Pacific.
Employees 15,000+
Products financial services
Website http://www.barcap.com

Barclays Capital is the investment banking division of Barclays Bank PLC that provides large corporate, government and institutional clients with solutions to financing and risk management needs. The company has offices in 26 countries.

Products and Services

Barclays Capital Inc. services include working with clients regarding:

History

In the late 17th Century, the streets of London were filled with goldsmith-bankers. They provided monarchs and merchants with the money they needed to fund their ventures around the world. One such business was founded by John Freame and his partner, Thomas Gould, in Lombard Street in 1690. The name Barclay became associated with the company in 1736, when James Barclay - who had married John Freame's daughter - became a partner.

Private banking businesses were commonplace in the 18th Century, keeping their clients' gold deposits secure and lending to credit worthy merchants. In 1896, 20 of them formed a new joint-stock bank.

The leading partners of the new bank, which was named Barclay and Company, were already connected by a web of family, business and religious relationships. The company became known as the Quaker Bank, because this was the family tradition of the founding families.

The new bank had 182 branches, mainly in the East and South East of England and deposits of £26 million - a substantial sum of money in those days. It expanded its branch network rapidly by taking over other banks, including Bolithos in Cornwall and the South West in 1905 and United Counties Bank in the Midlands in 1916.

In 1918, the company amalgamated with the London, Provincial and South Western Bank to become one of the UK's "big five" banks. By 1926 the bank had 1,837 outlets.

The development of today's global business began in earnest in 1925, with the merger of three banks - the Colonial Bank, the Anglo Egyptian Bank and the National Bank of South Africa, to form Barclays international operations. This added businesses in much of Africa, the Middle East and the West Indies.

In 1981, Barclays became the first foreign bank to file with the U.S. Securities and Exchange Commission and raise long-term capital on the New York market. In 1986 it became the first British bank to have its shares listed on the Tokyo and New York stock exchanges.

Barclays global expansion was given added impetus in 1986 with the creation of an investment banking operation. This developed into Barclays Capital.

In 1995, Barclays purchased the fund manager Wells Fargo Nikko Investment Advisers. The business was integrated with BZW Investment Management to form Barclays Global Investors.

In July 2003, Barclays completed the acquisition of Banco Zaragozano, one of Spain's largest private sector banking groups, which was founded in 1910.

In July 2005, Barclays Bank PLC announced the completion of a landmark deal that saw the company acquire a majority stake of Absa Group Limited. Absa is South Africa’s largest retail bank with over seven million customers.

Today, Barclays has grown from a group of English partnerships to a global bank represented in Europe, the USA, Latin America, Africa, the Caribbean, Asia, the Middle East and Australasia.

Key People

Dashonly.gif Jerry del Missier Co-Chief Executive of Barclays Capital & Co-Chief Executive of Corporate & Investment Banking
Dashonly.gif Iain Abrahams Head of Structured Capital Markets and Principal Investments
Dashonly.gif Patrick Clackson Chief Financial Officer, Corporate & Investment Banking
Dashonly.gif Hugh E. McGee III Head of Investment Banking Division
Dashonly.gif Ivan Ritossa Head of Latin America, Central and Eastern Europe, Middle East and Africa
Dashonly.gif Benoît de Vitry Chief Operating Officer, Corporate & Investment Banking
Dashonly.gif Michael Evans Head of Human Resources
Dashonly.gif Rich Ricci Co-Chief Executive of Barclays Capital & Co-Chief Executive of Corporate & Investment Banking
Dashonly.gif Eric Bommensath Head of Fixed Income, Currencies and Commodities (FICC) & Head of Trading, EMEA
Dashonly.gif Gerald A. Donini Head of Equities & Head of Trading, Americas
Dashonly.gif Robert Morrice Chairman & Chief Executive, Asia Pacific, Barclays PLC
Dashonly.gif Guglielmo Sartori di Borgoricco Head of Distribution
Dashonly.gif Larry Kantor Head of Research

News

  • Barclays Capital acquired the base metal, oil, and U.S. power and gas businesses of UBS in January 2009, as UBS closed its OTC commodities business.[1] [2]
  • Barclays Capital named "Structured Products House of the Year - Asia" by Structured Products Magazine, Dec. 3, 2007.[3]
  • Barclays Capital named "Global Derivatives House of the Year" by Derivatives Week, Nov. 30, 2007.[4]

Registration

References

  1. UBS sells its last OTC commodities units to Barclays. Futures & Options Intelligence.
  2. UBS sells parts of commodities unit to Barclays. Associated Press.
  3. "News Releases”. www.barcap.com.
  4. Press Release. www.barcap.com.