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. Please see our Subscription Terms and Conditions.

All material subject to strictly enforced copyright laws. © 2022 Euromoney, a part of the Euromoney Institutional Investor PLC.

Barclays: Have collaboration, will grow

After a good result in its core areas, Barclays is setting its sights firmly on a better future for its investment bank in Europe.

Right now is “the most exciting time at Barclays since I’ve been here,” says Reid Marsh, head of banking for Europe, the Middle East and Asia. There is a “commercially aggressive spirit”. The bank is “playing offence”.

And Marsh should know. Since returning from Asia in late 2017 to add Europe to his remit, his areas of responsibility have been where some of the most exciting of those developments have been happening.

Barclays began 2018 with something of a regulatory overhang as chief executive Jes Staley awaited the verdict of the UK’s Financial Conduct Authority into his involvement in a whistleblowing case at the bank. But by the end of May that was all over. Fined but not fired, Staley could refocus on the business of running the bank for its first “clean” year after the running-down of its non-core division and the disposal of its Africa business.

So how did that go? The simple answer is pretty well. By the end of the third quarter, pre-tax profits were up 23% excluding conduct and litigation costs.

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.


Unlimited access to and

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


Unlimited access to and, 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


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