(PRESS RELEASE) LONDON, 11-May-2022 — /EuropaWire/ — Barclays (LON: BARC), a British multinational universal bank, has announced the appointment of Aytac Ilhan as its new Head of Quantitative Investment Strategies (QIS) based in London.
“Barclays is recognised as a global leader in QIS, both in the breadth and depth of our offering and in the volume of transactions that Barclays has executed with clients,” says Paul Leech, Co-Head of Global Equities. “Aytac’s experience and leadership in this sector will be a terrific asset to our franchise and another example of how we are investing in talent to grow our businesses across the Corporate and Investment Bank.”
Over the last decade, interest in QIS from both retail and institutional investors has increased, driven by a number of advantageous features, including access, liquidity, cost-effectiveness and transparency. Aytac will be responsible for automating platforms for the Corporate and Investment Bank’s (CIB) index business and developing innovative investment solutions for clients.
Barclays recently announced Q1 2022 earnings, with the Corporate and Investment Bank income increasing 10% to £3,938m reflecting the benefit of a diversified business model. Global Markets income increased 26% to £2,696m driven by strong performances in FICC and Equities, reflecting higher levels of activity as we supported our clients through a period of market volatility. And, FICC income increased 37% to £1,644m, mainly in macro, and Equities income increased 13% to £1,052m driven by derivatives
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