Top Stories
Since Jes Staley took charge of Barclays at the end of 2015, he has faced constant questions over his ability to reposition the firm as a credible force in investment banking. Sticking to his guns in the face of activist shareholder pressure, he now looks vindicated, but growing from here presents a new challenge.
Pressure from QE is building in the banking sector, as well as the treasury and repo markets. As bank chief executives prepare to make their case to the Senate banking committee, is it time for Powell to think again?
The two banks plus Singapore’s stock exchange and sovereign wealth vehicle believe they have the collective strength and skills to build Climate Impact X, based initially on southeast Asian forestry and mangrove projects.
Euromoney has published the submission guidelines for its Global Awards for Excellence 2021. View the key dates for this year’s process and download the guidelines for pitch documents, and make your awards pitch submissions here.
Barclays: Special Focus
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Barclays’ Asia investment bank is rebuilding after a traumatic restructuring in 2016. After a few years of steady growth, a more focused approach could make it more efficient than before. -
Barclays has long wanted to rebuild the European ECM franchise it got rid of in 1997 with the sale of BZW, but has often struggled to do so. With a foundation of corporate broking in the UK and hiring in continental Europe, it’s finally making some progress.
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Barclays has rediscovered its appetite for its markets business under CEO Jes Staley. Macro head Michael Lublinsky says there are now encouraging opportunities in emerging markets and corporate FX.
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Two years ago, Barclays began to build a dedicated sustainable investment banking coverage group. Aimed at emerging growth companies, as well as the bank’s mature large cap clients, it’s a big element of a wider collaboration effort at Barclays.
The surprise exit of Absa chief executive Daniel Mminele in April, only 15 months into the job, shows how much the South African group is still finding its way in the post-Barclays era. Mminele – Absa’s first black CEO – was seen in some quarters as losing a power struggle against an overwhelmingly white executive team. Can the next chief executive gain the authority to drive Absa’s revival?
The implosion of Bill Hwang’s Archegos Capital Management focused attention on family offices, a fast-growing, lightly regulated and ill-defined investor group. Greater oversight is surely inevitable, as is the evolution of the sector away from small, standalone entities into truly global multi-family wealth managers.
The country may soon be upgraded to the emerging market indices. But such are the market’s many anomalies, that the pioneers who first embraced its potential are still the ones that matter most today.
Private equity has been slow to join the ESG revolution. More firms are waking up to the opportunities on offer as well as the downside risks.
What They Said
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Barclays CEO Jes Staley looks back on his decision to prioritise the investment bank
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Advent International’s Jarlyth Gibson enthusiastically touts the benefits of sustainability
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Valerie Mantot-Groene, regional managing director Asia Pacific at Apex Group, on next-gen and family offices
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‘It is enough to tell you it is no longer just a set of aspirations but reality. I am proud of that’Ahmed Kouchouk, Egypt’s vice-minister of finance, heralds benchmarking for private-sector and state financed green initiatives
With the acquisition of 80 east coast branches and a slug of online deposits, Citizens has added even more firepower to its national expansion ambitions.
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