Barclays advances corporate banking offering with expansion of cash management team in the GCC
Source: BI-ME , Author: Posted by BI-ME staff
Posted: Fri June 22, 2012 11:32 am

UAE. 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.  

 Photo:Rezwan Mirza, Managing Director and Head of Corporate Coverage, UAE and GCC

About Barclays

Barclays moves, lends, invests and protects money for customers and clients worldwide.  With over 300 years of history and expertise in banking, we operate in over 50 countries and employ over 140,000 people.
 
Our customers and clients benefit from access to the breadth of expertise across Barclays.  We’re one of the largest financial services providers in the world, engaged in retail banking, credit cards, corporate and investment banking, and wealth and investment management.
 
We are a leading global wealth and investment manager providing international and private banking, wealth planning, trust and fiduciary services, investment management, brokerage services and research to private and intermediary clients around the world.

 

MIDDLE EAST BUSINESS COMMENT & ANALYSIS

date:Posted: April 21, 2015
UAE. 39% of Arab youth agree it will never work, 36% think it could work while the remaining 25% are unsure, according to the 7th Annual ASDA'A Burson-Marsteller Arab Youth Survey.
date:Posted: April 21, 2015
UAE. Less than 0.15% of the dividends of GCC-listed companies and 0.59% of those of the UAE's dividends invested in tech start-ups vs. 5% in the USA; UAE invests 4x more of its public companies' dividends in tech start-ups.
date:Posted: April 21, 2015
UAE. Leading property recruitment specialist releases eighth edition of the "Middle East Rewards and Attitudes Survey"; 55% of respondents anticipating an improvement in economic activity.
dhgate