HONG KONG, 10-May-2018 — /EuropaWire/ — Barclays today announces the appointment of Matt Pecot as Head of Equities Asia Pacific.
Mr. Pecot is based in Hong Kong and is responsible for leading the Equities franchise in Asia Pacific, a region that is an important part of Barclays’ global network.
Mr. Pecot joins Barclays with almost 25 years of experience, most recently serving as Head of Prime Services and Head of Equities Distribution in Asia Pacific at Credit Suisse. In this role, he managed all client-facing teams across Cash, Derivatives, and Prime, and was instrumental in the team achieving a top two position in Prime Services.
Prior to Credit Suisse, Mr. Pecot was Head of Prime Services and Prime Brokerage Services in Asia Pacific at UBS between 2004 and 2007, before his appointment as Head of Prime Brokerage Services for the Americas at the firm. In that role, he successfully transformed the US Prime Brokerage franchise.
Stephen Dainton, Global Head of Equities, said: “We remain focused on areas that are aligned with our existing strategy and in businesses where there are clear, competitive advantages. We have a strong business in Asia and I am confident that Matt will build out our Equity Derivatives and Equity Financing offerings in the region as we look to increase market share and profitability.”
Notes to editors
Barclays’ Equities business reported first quarter 2018 income up 28% against the prior year (+43% on a USD basis), its best quarter in the last 11 quarters. The capabilities in Asia are focused on Equity Financing and EFS Solutions, with colleagues across Trading, Sales, Structuring, Origination, Client Service, and TCU making up these businesses (primarily in Tokyo and Hong Kong). In February 2018, Barclays ranked number 2 in overall cash trading value on the Tokyo Stock Exchange with a record monthly market share of 11.7% (up from 9.9%). In the first quarter of 2018, Barclays is named “Breakthrough International Broker of the Year” in the HKEX Stock Connect award.
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 www.home.barclays.
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