Barclays Named Prime Broker of the Year in 2022 Risk Magazine Awards

Rhea-AI Summary

Barclays has been named Prime Broker of the Year by Risk Magazine, highlighting its strong performance and strategic focus over the last five years. This accolade follows extensive evaluations by the magazine's editorial team. Barclays' global prime brokerage services encompass financing for equities and fixed income, among others, and it now ranks #5 globally, an improvement from #9 in 2016. The firm's integrated and technology-driven approach has contributed to its success, with leaders expressing optimism for continued growth in 2022.

Positive

• Recognized as Prime Broker of the Year by Risk Magazine.
• Ranked #5 globally, up from #9 in 2016 for prime brokerage services.
• Strong emphasis on integration, technology, and selectivity driving market share growth.
• Ongoing revenue growth in Prime Financing business contributing to overall performance.

Negative

• None.

NEW YORK--(BUSINESS WIRE)-- Barclays has been named Prime Broker of the Year by Risk Magazine, which recognized the firm for its overall strategy, focus, and gains over the last five years.

This week’s award announcement follows a series of intensive interviews and due diligence conducted by Risk Magazine’s editorial staff, who describe the honor as part of “the longest-running and most prestigious awards for firms.”

Barclays’ global prime brokerage services include financing for equities, fixed-income, OTC clearing, futures and foreign exchange, as well as providing clients with strategic consulting insights and capital introductions. Barclays is currently ranked #5 globally, up from joint #9 in 2016*, according to latest data from Coalition Greenwich Competitor Analytics.

In the award write-up, judges credited the business’s integrated approach for contributing to its recent success. “Barclays’ performance hinges on three factors: integration, technology and selectivity,” the judges wrote. “This three-pronged strategy has enabled Barclays to grab a bigger slice of the market.”

David Lohuis, Global Head of Financing (PB), said: “Our team has made significant strides growing Barclays’ Prime Financing business over the past five years, generating steady growth in revenue and market share, and contributing to the overall performance of Global Markets and the Group. We remain focused on growing our business and delivering for our clients in the year ahead.”

Stephen Dainton, Co-Head of Global Markets, said: “We are proud to have won this prestigious industry award. It shows that the investments we have made in our platform are working and have been well-received by clients. We are the #1 non-US prime broker and we look forward to harnessing our momentum in 2022 with a strong pipeline that will position us well for continued growth.”

*Source: Coalition Greenwich Competitor Analytics, 3Q21YTD & FY16. Ranks are based on the following banks: BofA Securities, Barclays, BNP Paribas, Citigroup, Credit Suisse, Deutsche Bank, Goldman Sachs, HSBC, J.P. Morgan, Morgan Stanley, Nomura, Société Générale and UBS. Analysis is based on Barclays’ internal business structure and internal revenues.

About Barclays

Barclays is a British universal bank. We are diversified by business, by different types of customer and client, and geography. Our businesses include consumer banking and payments operations around the world, as well as a top-tier, full service, global corporate and investment bank, all of which are supported by our service company which provides technology, operations and functional services across the Group. For further information about Barclays, please visit our website home.barclays.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220218005038/en/

Matt Scully

212.526.7844

matthew.scully@barclays.com

Source: Barclays

FAQ

What award did Barclays receive recently?

Barclays was named Prime Broker of the Year by Risk Magazine.

How has Barclays' global ranking changed?

Barclays is now ranked #5 globally, improved from #9 in 2016.

What services does Barclays' prime brokerage include?

Barclays offers financing for equities, fixed income, OTC clearing, futures, and foreign exchange.

What factors contributed to Barclays' success in prime brokerage?

Integration, technology, and selectivity were key factors noted by judges.

Who commented on Barclays' growth and performance?

David Lohuis, Global Head of Financing, and Stephen Dainton, Co-Head of Global Markets, both highlighted growth and client satisfaction.