Barclays Capital
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Barclays Capital is a leading global investment bank. It is the investment banking division of Barclays plc which has a balance sheet of over £1.2 trillion (2008 BARCAP figures). Barclays Capital provides financing and risk management services to large companies, institutions and government clients with a comprehensive set of solutions for their strategic advisory, financing and risk management needs. It is a primary dealer in U.S. Treasury securities and various European Government bonds.
Barclays Capital had 2004 income of GBP 3.4 billion/USD 6.4 billion primarily driven by the structured tax and rates businesses. Barclays Bank as a whole had 2004 income of GBP 13.9 billion/USD 26.4 billion.
Barclays Capital has offices in over 29 countries and since the acquisition of Lehman Brothers’ main U.S. division in September 2008, employs over 26,000 people.
John Freame and his partner Thomas Gould founded a gold-smith banking company in Lombard Street, London in 1690. Their business was to provide monarchs and merchants with the money they needed to fund their world-wide ventures. The name Barclay became associated with the company in 1736 when James Barclay who had married John Freame’s daughter became a partner. In 1896, 20 such businesses collaborated and formed a 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 reflecting the tradition of the founding families.
The new bank had 182 branches, mainly in the east and south-east of England. Deposits totalled £26 million – a substantial sum of money in those days. Barclay and Company expanded its branch network rapidly through bank acquisitions. Acquisitions included Bolithos in Cornwall and the south-west in 1905 and United Counties Bank in the Midlands in 1916. In 1918, the bank 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 branches. The development of Barclays global business today 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. Barclays international operations were bourne adding businesses in much of Africa, the Middle East and the West Indies.
In 1981, Barclays became the first foreign bank to file with the US 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, which today is known as 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.
In 2008 Barclays Capital acquired Lehman Brothers’ North American investment banking and capital markets businesses after it filed for bankruptcy, this has made Barclays Capital one of the top 5 investment banks in the world. This acquisition cemented Barclays Capital position for its clients with a leading presence in all major markets and across all major lines of business including equities, credit, fixed income, mergers and acquisitions, commodities trading and foreign exchange. 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.
Global Presence:
Barclays Capital has offices in the following locations:
Americas:Argentina, Brazil, Canada, Mexico, Puerto Rico,
United States (Boston, Chicago, Houston, Miami, New York,
Portland, San Francisco, Santa Monica, and Washington, DC).
Asia Pacific:Australia, Hong Kong, India, Indonesia, Japan,
Korea, Malaysia, People’s Republic of China, Singapore,
Taiwan, Thailand.
EMEA: France, Germany, Israel, Italy, Luxembourg,
Netherlands, Portugal, Qatar, Republic of Ireland, Russia,
South Africa, Spain, Switzerland, United Arab Emirates,
United Kingdom.
Services provided by Barclays Capital include:
- Bonds
- Commodities
- Convertible Bonds
- Credit Products
- Electronic Trading
- Emerging Markets
- Equity Cash
- Equity Derivatives
- Equity Origination
- Foreign Exchange
- Fund-Linked Derivatives
- Fund Solutions
- Index Products
- Inflation-Linked Products
- Interest Rate Products
- Leveraged Finance
- Loans
- Mergers & Acquisitions
- Market Makers
- Multi-Asset Program Trading
- Municipal Finance
- Prime Services
- Private Equity
- Research
- Restructuring
- Securitisation
- Structured Investment Products
Corporate Office:
Barclays Capital
5 The North Colonnade
Canary Wharf
London E14 4BB
United Kingdom
Tel: +44-20-76232323
India Office:
Barclays Capital,
801/808 Ceejay House,
Shivasgar Estate,
Dr A. Beasant Road,
Worli,
Mumbai – 400 018
India.
Tel: +91-22-67196000
Fax: +91-22-67196184
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