Urvashi Batra Joins Barclays as Head of Equities Electronic Trading Americas

Rhea-AI Summary

Barclays has appointed Urvashi Batra as the new Head of Equities Electronic Trading Americas. Batra will enhance the strategic direction of Barclays’ electronic equities client offerings, collaborating across the Markets Division. She joins from JPMorgan, where she served as Americas Head of Electronic Trading Solutions. This move aligns with Barclays’ focus on digitalization, aiming to make its Markets business electronic-first. The recent 2021 earnings report highlighted a 20% rise in Equities income to approximately £3bn, driven by strong client activity and financing balances.

Positive

• Appointment of Urvashi Batra as Head of Equities Electronic Trading Americas, enhancing leadership in electronic trading.
• Batra's extensive experience from JPMorgan may bolster Barclays' client offerings.
• 20% increase in Equities income to approximately £3bn in 2021, indicating strong client demand.

Negative

• None.

NEW YORK--(BUSINESS WIRE)-- Barclays is pleased to welcome Urvashi Batra as its new Head of Equities Electronic Trading Americas.

In this role, Batra will be responsible for driving strategic direction and execution of Barclays’ electronic equities client offering. She will work in partnership across the Markets Division and all key functions to drive global coordination with BARX, Barclays’s cross-asset electronic trading platform across Equities, Fixed Income, Futures, and FX.

BARX is designed to optimize execution performance for clients. The platform harnesses Barclays’ data science capabilities to deliver better trade analytics, provide deep pools of liquidity for each asset class, and increase transparency and visibility in electronic trading.

“One of our key efforts in our Markets business is to prioritize digitalization and become an electronic-first Markets business,” said Adeel Khan, Co-Head of Global Markets. “Welcoming Urvashi to Barclays is a continued example of our investment in key talent and another step forward in strengthening our franchise.”

Last week, Barclays announced 2021 full year earnings with the Corporate and Investment Bank delivering record profitability, driven in part by a best full year performance in Equities. In full year 2021, Equities income increased 20% to approximately £3bn, as a result of strong client activity in derivatives and increased client balances in financing.

Batra will be based in New York and report dually to Peter Ward, Head of Global Markets Electronic Trading, and Peter Ramsey, Global Head of Cash Equities.

She joins Barclays from JPMorgan where she spent the last 11 years, most recently as Americas Head of Electronic Trading Solutions.

For more information about BARX visit barclays.com/ib/BARX

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/20220301005076/en/

Matt Scully

212.526.7844

matthew.scully@barclays.com

Source: Barclays

FAQ

Who is Urvashi Batra and what is her role at Barclays?

Urvashi Batra is the newly appointed Head of Equities Electronic Trading Americas at Barclays, responsible for enhancing the electronic equities client offering.

What is Barclays' recent financial performance in Equities?

Barclays reported a 20% increase in Equities income to approximately £3bn for the year 2021.

How does Barclays' BARX platform support electronic trading?

BARX optimizes execution performance using data science for better trade analytics and liquidity, enhancing transparency in electronic trading.