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CAPITAL MARKETS

Barclays hopes IB reorg will let it compete where it counts

Barclays wants to be compared with the big five US investment banks. So let’s do that.

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Photo: Reuters

Barclays just can’t seem to sit still. After a reshuffle in October 2020, a flurry of hires in Europe and Asia since then, and most recently the creation of a group that gathers together its top relationship bankers, it has now reshaped the management of parts of its investment bank – and this week added a swathe of new appointments in its product ranks.

The bank wants to compete with the big five US investment banks.