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Barclays re-establishes Australian presence to serve Australian clients

Hong Kong, April 26, 2018 – Barclays announced today the opening of an Australian office of Barclays Capital Asia Limited based in Sydney.  The office will focus on providing a core product offering including advisory and capital markets to local corporate and institutional clients who will also benefit from our extensive global expertise.  
“Re-establishing our on-the-ground presence in Australia, the third largest financial market in Asia Pacific, is an important part of our strategy to grow our franchise,” said Tim Throsby, President, Barclays International, and CEO, Corporate and Investment Bank.  “We are committed to devoting financial resources and providing solutions to our Australian clients while supporting the growth and improvement of our global franchise.”  
Jaideep Khanna, Head of Barclays, Asia Pacific, added, “We always manage our business dynamically, looking at opportunities to deliver growth and improve returns for our shareholders, and re-establishing a focused presence in Australia aligns to that approach.  Today’s announcement further underscores our commitment to Asia Pacific, and our focus on one of the most promising markets in the region.”
Led by Paul Early and Richard Satchwell, the Australia team will help extend the momentum of the Barclays franchise in Asia Pacific.  Barclays already serves a number of Australian clients, and supports global clients who value access to the Australian market.
“An onshore presence will allow us to better serve our key Australian clients and is consistent with our wider Asia strategy of meeting the global needs of our local clients and the Asia needs of our global clients,” added Reid Marsh, Head of Banking, Europe, Middle East and Asia Pacific.   I am confident that our clients as well as our franchise will benefit under the proven leadership and expertise of Paul and Richard.” 
Notes to editors

Paul Early
Paul Early is a Managing Director and Co-Head of Australia for Barclays Capital Asia Limited based in Sydney.
Paul joined Barclays in Sydney in 2007 to lead the Mining and Metals sector coverage for Australia. In 2012, he relocated to Hong Kong to manage the team covering natural resources clients across Asia Pacific.
Prior to joining Barclays, Paul worked at Investec Bank in the Commodities and Resources team and was previously a Director in the Natural Resources team at Rothschild in Australia.
Paul has been involved in the natural resources sector for over 24 years. He holds a Bachelor of Laws (Hons) degree from the University of Western Australia.
Richard Satchwell
Richard Satchwell is a Managing Director and Co-Head of Australia for Barclays Capital Asia Limited based in Sydney.
Richard joined Barclays in London in 2005 focusing on acquisition finance in Europe. In 2007, he relocated to Sydney and held leadership roles across the Australian financing and risk management businesses, as well as having responsibility for the broader Asian acquisition and leverage finance teams and industry and advisory teams in Australia. He was most recently part of the Europe and Middle East leveraged finance team based in London.
Prior to joining Barclays, Richard was a Senior Associate with Allen & Overy in London where he focused on asset and acquisition finance. He holds a Bachelor of Law degree from Sheffield Hallam University.

About Barclays

Barclays is a transatlantic consumer and wholesale bank offering products and services across personal, corporate and investment banking, credit cards and wealth management, with a strong presence in our two home markets of the UK and the US.

With over 325 years of history and expertise in banking, Barclays operates in over 40 countries and employs approximately 80,000 people. Barclays moves, lends, invests and protects money for customers and clients worldwide.

For further information about Barclays, please visit our website .