Barclays PLC announces the appointment of Vinit Chandra as Product Director, Treasury and Investments, for its Global Retail and Commercial Banking (GRCB) business.
Vinit, 43, joins from Citigroup's Asia Consumer Bank where he was Asia Regional Treasurer and Head of Treasury Product Sales for Asia based in Singapore. Prior to this he was Head of Treasury Business Finance for Standard Chartered Bank Asia Pacific.
In this new role Vinit will lead global capability development in treasury and investment product design and delivery. Vinit will join the GRCB Management Committee and report to GRCB Chief Executive, Frits Seegers. Vinit joins Barclays on 23 October 2006 and will be based in London.
Frits Seegers, Chief Executive, Global Retail and Commercial Banking said:
“I am delighted that Vinit Chandra is joining Barclays, he has a proven track record of growing business across geographies and has a deep expertise in treasury and investment products. At Citibank he was responsible for managing the balance sheet across 10 Asian countries and protecting the business from market, foreign exchange and rate risk. He introduced a wide range of structured products across Asia in multiple asset classes. He is a great addition to the top team and I am looking forward to working with him.”
About Barclays
Barclays PLC is a major global financial services provider engaged in retail and commercial banking, credit cards, investment banking, wealth management and investment management services. We are one of the largest financial services companies in the world by market capitalisation. Operating in over 60 countries and employing over 118,000 people, we move, lend, invest and protect money for over 25 million customers and clients worldwide. With over 300 years of history and expertise in banking, Barclays PLC has six major businesses.
UK Banking delivers banking products and services to over 14 million retail customers and 641,000 businesses in the UK.
Barclays global retail and commercial banking operation, has over 2 million international clients, in geographies which currently include France, Spain, Portugal, Italy, India, Africa and the Middle East. Absa has an additional 8 million retail customers in South Africa.
Barclaycard is one of the leading credit card businesses in Europe, and has 11.2 million UK customers and 5.3 million international cards in issue.
Barclays Capital, the investment banking division, provides corporate, institutional and government clients with solutions to their financing and risk management needs.
Barclays Global Investors is one of the world’s largest asset managers and a leading provider of investment management products and services. The total assets under management at June 30, 2006 were $1.6 trillion.
Barclays Wealth serves affluent, high net worth and intermediary clients worldwide, providing private banking, asset management, stockbroking, offshore banking, wealth structuring and financial planning services. At June 30, 2006, total client assets were £85 billion
