The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site.

All material subject to strictly enforced copyright laws. © 2020 Euromoney, a part of the Euromoney Institutional Investor PLC.
Banking

Hiring spree heats up at Barclays Capital

Barclays Capital has increased its staff by 30% to 7,000 in the past 18 months - and there's more to come. The objectives - more client contact and a broader product range - seem to be attainable. What's not so clear is whether increased revenues will outweigh the costs of this headlong expansion and how it will transform the firm's culture.

barclays-hiring 350px 

WHEN BARCLAYS CAPITAL hired a new German sales team from CSFB earlier this year, the first that BarCap's existing team got to hear of it was when Tom Kalaris, head of distribution and research and chief executive, Americas, got all the staff to gather around on BarCap's Frankfurt trading floor. He told them that changes were being made – that there was going to be a greater emphasis on structured products, and that a new team from CSFB was being brought in. Omar Selim, formerly CSFB's head of fixed income for Germany, Austria and Switzerland and BarCap's newly appointed managing director and head of distribution, debt capital markets and trading for Germany, Austria and Switzerland, made it clear that anyone who didn't like this should think about leaving.

Welcome to the new Barclays capital.

CEO Bob Diamond has long been credited with shaping the firms' strategic development but increasingly it is Kalaris; Grant Kvalheim, head of investment banking and credit products; and Jerry del Missier, head of rates and private equity and regional head of continental Europe, that are driving its rapid expansion.

You have reached premium content. Please log in to continue reading.

Read beyond the headlines with Euromoney

For over 50 years, our readers have looked to Euromoney to stay informed about the issues that matter in the international banking and financial markets. Find out more about our different levels of access below.

SUBSCRIBE ONLINE TODAY

Unlimited access to Euromoney.com and Asiamoney.com

Expert comment, long reads and in-depth analysis interviews with senior finance professionals

Access the results of our market-leading annual surveys across core financial services

Access the results of our annual awards, including the world-renowned Awards for Excellence

Your print copy of Euromoney magazine delivered monthly

£73.75 per month

Billed Annually

FREE 7 DAY TRIAL

Unlimited access to Euromoney.com and Asiamoney.com, including our top stories, long reads, expert analysis, and the results of our annual surveys and awards

Sign up to any of our newsletters, curated by our editors

LOGIN NOW

Already a user?

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree