News Releases

NEW YORK (October 2, 2007) – Barclays Capital, the investment banking division of Barclays PLC, today announced the appointment of Ade Odunsi as a Managing Director and Head of Corporate FX Sales, Americas.   Based in New York, Mr. Odunsi will cover FX distribution to corporate clients in the Americas, reporting to Gregg Chow and James Bergin, Managing Directors and Co-Heads of FX Sales, Americas.

Mr. Odunsi joins Barclays Capital from Merrill Lynch where he was most recently Head of US Rates and FX Structuring, focusing on structured product distribution across all client segments in the Americas.  Prior to that, he was Head of FX Structuring and Issuer FX Sales where he focused on risk advisory and strategic cross-border deal contingent transactions.  Mr. Odunsi received his MA in Economics from Trinity Hall College at the University of Cambridge.

“Cross border merger activity, growth in the FX markets, ongoing changes to accounting regulations and increased volatility will require more creative solutions to manage asset and liability risk,” said Chow on the appointment. “Ade’s background in derivatives and structured products is uniquely aligned with delivering innovative solutions to our corporate client base for risk management, mergers and acquisitions and financing needs.”

“Ade’s appointment demonstrates our ongoing commitment to the growth of our foreign exchange business globally and within the Americas,” added Bergin.  “Barclays Capital will benefit from Ade’s wealth of experience in distribution of derivative solutions across client segments.”

About Barclays Capital

Barclays Capital is the investment banking division of Barclays Bank PLC which has an AA long-term credit rating and a balance sheet of over £1.1 trillion (US$2.3 trillion*). With a distinctive business model, Barclays Capital provides large corporate, government and institutional clients with solutions to their financing and risk management needs.  Barclays Capital has offices in 26 countries, employs over 15,700 people and has the global reach 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.

*US$ figure was derived using the US$/£ exchange rate at 30.06.07 of US$2.01/£1