Barclays Investment Bank has offices in over 29 countries and since the acquisition of Lehman Brothers
' main U.S. division in September 2008, employs over 20,000 people, with over 7,000 people working in its IT
The acquisition significantly increased Barclays' presence in North America.
Barclays' first investment banking arm was established in 1985 under the name Barclays de Zoete Wedd
(BZW) in response to the Big bang
in UK financial services. It was formed through the merger of Barclays Merchant Bank with a UK stockbroker
de Zoete & Bevan and one of the London jobbing firms
Wedd Durlacher. The equity and Corporate Finance Divisions were sold to Credit Suisse First Boston
in 1998 with the remaining businesses dominated by Fixed Income and Structured Capital Markets being retained by Barclays and rebranded as Barclays Capital (BarCap).
took charge of Barclays investment banking business in 1996. Diamond led the effort to purchase key assets of Lehman Brothers
after its bankruptcy in September 2008, securing Barclays a key foothold in investment banking.
In mid-March 2012, the trading name of Barclays Capital was changed to Barclays, and the name of the division was changed to Barclays Investment Bank.
- ^ "Our Firm". Barclays Capital.
- ^ Knight, India (September 18, 2008). "Barclays' deal gives hope to UK staff of Lehman Brothers". The Times. London. Retrieved 2010-04-26.
- ^ "About BZW (Barclays de Zoete Wedd)". LinkedIn. Retrieved August 23, 2013.
- ^ Howard Mustoe and Ambereen Choudhury (April 24, 2013). "Barclays Reaps Benefit of Diamond's Purchase of Lehman in U.S."Bloomberg News.
- ^ "A History of Barclays Investment Bank". Bywire News.
Last edited on 7 March 2021, at 18:41
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