Barclays Advances Corporate Banking Offering with the Expansion of Cash Management Team in the GCC Region

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.21 June 2012

Barclays Advances Corporate Banking Offering with the Expansion of Cash Management Team in the GCC Region

Barclays Bank PLC announced today that it is continuing to expand its corporate banking offering through the expansion of its cash management capabilities in the region. Oliver Baillie has been appointed as Head of Cash Management, UAE and GCC with responsibility for leading the cash management operations through developing innovative products, liaising with existing and potential corporate clients, and implementing long term solutions to improve client cash and liquidity management.

Rezwan Mirza, Managing Director and Head of Corporate Coverage, UAE and GCC, said: “Through consistent dialogue with our corporate clientele, we have observed that businesses today face many challenges in managing cash effectively, especially in the midst of economic recovery. In response, we are in the process of making a significant investment within the region and globally to upgrade our cash management platform as well as increase the number of qualified experts servicing our clients. This upgraded cash management platform will enable us to further leverage Barclays’ global capabilities and presence”.

Rezwan Mirza added: “We are delighted to welcome Oliver to our team in the GCC. His experience makes him an ideal candidate to lead our cash management offering in the region and ensure that we continue to grow in this important business area for Barclays. His appointment further builds upon our strategy to become a major player in this field across MENA.”

Oliver has relocated to the UAE from Barclays UK, where he worked with Barclays holding senior positions in Deposits and Business Solutions divisions of the bank throughout his tenure. He brings with him a wealth of technical and client based experience in corporate banking.

The Barclays MENA team provides a comprehensive range of integrated financial solutions to corporates in the region. The corporate banking team enjoys a network of relationship, industry sector and product specialist managers who offer lending, risk management, trade and working capital, cash, asset and liquidity management solutions.