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Barclays expands activity in MENA

Barclays Bank plans to increase its activity in the Mena region.

Recently, Matt Tuck, head of financial institutions at Barclays Corporate, visited the Middle East for the second time since his appointment in november 2010. his focus was on continuing to build existing and new relationships with banks across the region, “leveraging Barclays’ footprint and off ering tailored solutions for financial institutions in a wide range of cash, trade, liquidity and other transactional banking products”.

Tuck confirmed that the bank’s commitment to the region and its own team based in Dubai – headed by K.P. Sunil Rao, regional director, MENA and Levant – will continue to expand as it rolls out new and innovative products to the financial services industry.

During his visit, the bank organised a special session with a well-attended Global Banking symposium initiative targeted at regional banks.

This covered the global economy, understanding the payment environment, managing liquidity, developments in trade finance and trading with Africa.

Tuck was appointed head of financial institutions at Barclays Corporate in 2010 with a remit to focus on continuing to build existing and new relationships with banks across the globe.

He joined Barclays from Deutsche Bank, where for the last two-and-a-half years he was responsible for cash management for financial institutions in northern europe. From 2002, he ran deutsche Bank’s transaction banking structured finance sales team in europe at a time when securitisation (MBS/ ABS/CDOs) was at its peak. Thereafter, he moved to Tokyo as business head for Deutsche’s debt and structured finance transaction banking business across asia, returning to London in 2008.

Tuck started his career at Barclays in retail banking in the late 1980s before joining J.P. Morgan, Citibank and, most recently, Deutsche Bank. He moved into securities operations at both J.P. Morgan and Citibank, before taking a sales role at Citi in 2000, with a focus on project finance and escrow services.

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