The leading web resource for financial technology
Sign in to bobsguide SIGN IN | REGISTER
bobsguide.com

BarCap to adopt partnership model, report claims

email this aricle - BarCap to adopt partnership model, report claims - 16 March 2010 print this article - BarCap to adopt partnership model, report claims - 16 March 2010
BarCap to adopt partnership model, report claims
Barclays Capital (BarCap) is looking to adopt a new partnership model, a newspaper has reported.

According to the Financial Times, the investment bank is planning on aping the business model used by the likes of Goldman Sachs and Merril Lynch before they floated shares on the stock market.

The bank is planning on bringing together a group of top executives who will receive pay packets in line with business profitability.

Senior bankers will also be able to influence the future business direction of the financial institution as it looks to expand in the wake of its acquisition of Lehman Brothers, the newspaper stated.

An unnamed executive told the FT: “The real challenge now is the build-out in equities and investment banking. We want to be top three in those businesses globally within three years."

BarCap is thought to be expanding its operations in both Europe and Asia - up to 20 per cent and 50 per cent of hires still need to take place in the respective territories.

Earlier in the month BarCap announced the appointment of Johan Leven as managing director and co-head of Corporate Finance for the Asia-Pacific region.

By Jim Ottewill

Comments (0)

No one has commented on this yet. Be the first!
Add your comment - Max 1000 characters used
More news