News Releases

New York, NY (November 3, 2008) – Barclays Capital announced today that it has fully integrated Lehman Brothers' US fixed income businesses under the Barclays Capital name. The fixed income businesses include Interest Rates, Credit, Securitized Products and Primary Fixed Income Products.

Sales and trading have resumed across all Fixed Income product areas and are integrated with Barclays Capital’s existing operations. Securitized products trading previously conducted by Lehman Brothers in North America has similarly been incorporated into the comprehensive suite of products and services offered by Barclays Capital. The re-launch in fixed income follows the recent integrations of equities, commodities and foreign exchange trading.

“We are pleased to re-launch our fixed income operations and provide our clients with enhanced services,” said Eric Bommensath, Managing Director, Head of Fixed Income, Barclays Capital. “With the integration of the Lehman Brothers US Fixed Income business we will have an even greater presence in these markets, further accelerating our expansion.”

“Barclays Capital’s credit trading capabilities have strengthened as a result of the acquisition and we will be able to take advantage of the synergies between the trading units to better serve the needs of our clients,” added Eric Felder, Head of Credit Trading, Barclays Capital.

Barclays Capital has greatly expanded its fixed income operations in the Americas over the past year. The firm recently ranked as the top underwriter in the federal agency debt markets, year-to-date, retaining its leadership ranking from last year. In less than five years, Barclays Capital nearly quadrupled US Treasury market share and it is ranked in the top three across Agency Trading, Agency CMO Primary Issuance and Pass-Through Trading. In August 2008, Barclays Capital ranked in the top 5 in Total Derivatives’ Global Fixed Income Derivatives Poll and is currently ranked as the leading bookrunner of international bonds by volume as published by Dealogic.

With the acquisition of Lehman Brothers, Barclays Capital is the leader in High Grade and High Yield Research Analysis, Strategy and Portfolio Advisory as measured by Institutional Investor. Barclays Capital has now assumed the top rank for market share and service quality for Credit Sales and Trading as measured by Greenwich Associates.

 

For further information contact:

Peter Truell
+1 (212) 412 7576
peter.truell@barclayscapital.com

Kristin Friel
+1 (212) 412 7521
kristin.friel@barclayscapital.com

 

About Barclays Capital
Barclays Capital is the investment banking division of Barclays Bank PLC. With a distinctive business model, Barclays Capital provides large corporate, government and institutional clients with a comprehensive set of solutions to their strategic advisory, financing and risk management needs. Barclays Capital has offices around the world, employs over 20,000 people and has the global reach, advisory services and distribution power to meet the needs of issuers and investors worldwide. For further information about Barclays Capital, please visit our website www.barclayscapital.com.

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