Barcap continues to expand

Extract from The independent on 25 April by Sean Farrell, Financial Editor
http://www.independent.co.uk/news/business/news/barclays-rubbishes-rumours-of-rbsstyle-rights-issue-815502.html

Mr Diamond said market conditions would be challenging this year but that BarCap would outperform the sector. Despite fears of massive City job cuts, he said his London staff count would be about the same or maybe higher by the end of the year.

Extracts from Bloomberg article on 22 April
http://www.bloomberg.com/apps/news?pid=20601102&sid=aIEPwHE8T0XE&refer=uk
Barclays Hires Archibald Cox Jr. as Americas Chairman (Update2)
By Yalman Onaran

Barclays Plc ... hired Archibald Cox Jr., a Wall Street veteran who ran First Boston Corp. in the 1990s, as chairman of its Americas business.

Cox succeeds Chet Feldberg, 68, who's retiring after serving as chairman of Barclays Americas for eight years.
The appointment of Cox is part of Barclays's plan to increase earnings in the U.S. Diamond ... is increasing securities trading in the U.S. to take share from rivals weakened by credit writedowns. Barclays Capital President Jerry del Missier moved to the U.S. this year, and Diamond is spending more time there to help lift the division's growth.
Cox's experience will help ``at a time of both great challenges and great opportunities,'' Diamond said in the statement.

The No. 1 priority for us is the U.S.,'' Diamond said in February when the bank posted its full-year results. ``There is an opportunity to move into the top three tier,'' he said.

Diamond is pushing commodities, equities and prime brokerage businesses as well as growth in Asia, the Middle East and Africa as credit market turmoil holds back its fixed income and lending units.

I'll be involved in developing and executing strategy, mostly in the Americas but also in Europe and Asia as well,'' Cox said in an interview. `The current crisis provides Barclays a great opportunity to grow because it is relatively unscathed so far.''