Barclays Capital Launches Onshore Rates and FX Trading and Distribution in Australia


Barclays Capital Launches Onshore Rates and FX Trading and Distribution in Australia

Barclays Capital, the investment banking division of Barclays Bank PLC, has launched onshore Rates and FX trading and distribution in Australia. This represents the next phase in the expansion of the firm’s domestic and regional presence and the consolidation of Barclays Capital’s global trading presence.

As a major market for Barclays Capital, the development of the business in Australia is fundamental to the global and regional growth plans of the firm. While Barclays Capital has long had a strong onshore investment banking business in Australia, establishing a domestic trading and distribution presence further complements our capital markets and risk solutions product offering to the benefit of both our Australian and global clients.

“Our ability to provide local coverage as well as trade Australian products via a dedicated onshore presence affords our clients a two-fold benefit: our Australian clients now have direct access to our award winning and top ranked global product suite, while providing our global clients access to our Australian product suite,” said Ivan Ritossa, Head of Global Markets - Trading, Asia Pacific, Prime Services and FX.

Barclays Capital was recently named #1 in every derivatives category across foreign exchange and rates by Risk Magazine’s 2010 Corporate Survey. Barclays Capital’s rates business ranked #1 in overall market share by Greenwich Associates in the US, Europe, and Japan surveys and was named “Inflation Derivatives House of the Year” by Risk Magazine in January 2010.

As Barclays Capital builds out its business in Australia, the scale of the opportunity across the client spectrum continues to grow. In an effort to meet its clients’ sophisticated needs Barclays Capital continues to attract top talent across sales, trading and research. Anthony Robson joined the firm in December as Head of AUD & NZD Rates Trading and Lucio Febo joined in March as Head of Distribution for Australia. In addition, Gavin Stacey joined in April as a dedicated Sydney-based Aus and NZ Fixed Income Strategist. Their leadership will help to enhance our client offering and accelerate the strong momentum we have in Australia.

These recent appointments, combined with the relocation of several key staff members to Sydney, further demonstrate Barclays Capital’s commitment to providing best in class resources to our clients. The firm’s strong leadership and dedication to the region will help enhance its client offering and accelerate the strong momentum the firm has in Australia.


For further information, please contact:
Clare Williams Barclays Capital Communications +852 2903 4021
Timothy Cuffe Barclays Capital Communications +852 2903 2305

Notes to editors:

About Barclays Capital
Barclays Capital is the investment banking division of Barclays Bank PLC. With a distinctive business model, Barclays Capital provides large corporate, government and institutional clients with a full spectrum of solutions to their strategic advisory, financing and risk management needs. Barclays Capital has offices around the world, employs over 23,000 people and has the global reach, advisory services and distribution power to meet the needs of issuers and investors worldwide.

For further information about Barclays Capital, please visit our website