London - Barclays PLC (“Barclays”) today announces the appointment of Roger Jenkins in a new role as Chairman of Investment Banking and Investment Management (“IBIM”) for the Middle East. This new position will be in addition to his existing roles as Chief Executive of Barclays Private Equity, Principal Investments and Structured Capital Markets and a member of IBIM's Executive Committee. In this role, Roger will seek to further strengthen relationships with Barclays clients in the region to ensure they benefit from IBIM's breadth and depth of products and services.
The Middle East region offers substantial business opportunities for Barclays. Many of the largest Sovereign funds are based in this region as well as high net worth individuals and leading world class companies. All these clients are looking for investment management, wealth creation, risk management and financing solutions which IBIM is in a unique position to provide. The Sovereign fund market alone offers enormous opportunities and its assets under management are equal to the global private equity and hedge fund industries combined. These assets are growing at close to 20% per annum. The significant economic growth in the region is creating leading world class companies and generating considerable wealth and this presents a major opportunity for a trusted advisor to provide integrated investment banking and investment management services.
Bob Diamond, President of Barclays said,
"We are delighted Roger is taking on this additional important role and his expertise in investment banking and investment management will now be available to all Barclays clients in the region. Many of our largest Sovereign clients are based in the area as well as high net worth individuals and leading world class companies. Barclays has excellent capabilities in the region, and it is important that we have a well co-ordinated approach to deepen our already strong relationships with clients. Roger's wealth of experience and stature within Barclays will allow him to deliver significant extra value to clients in the region.”
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For further information please contact:
Simon Eaton, Corporate Communications
+44 (0)20 3134 2111
Notes to Editors:
About Barclays
Barclays is a major global financial services provider engaged in retail and commercial banking, credit cards, investment banking, wealth management and investment management services, with an extensive international presence in Europe, the USA, Africa and Asia. With over 300 years of history and expertise in banking, Barclays operates in over 50 countries and employs 135,000 people. Barclays moves, lends, invests and protects money for over 27 million customers and clients worldwide.
For further information about Barclays, please visit our website www.barclays.com .
About Investment Banking and Investment Management (IBIM)
IBIM comprises three businesses of Barclays PLC, namely:
Barclays Capital, the investment banking division of Barclays PLC. 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 29 countries, employs over 16,200 people and has the global reach and distribution power to meet the needs of issuers and investors worldwide. www.barclayscapital.com .
Barclays Global Investors, one of the world's largest asset managers and a leading global provider of investment management products and services. It has over 2,900 institutional clients and over $2 trillion of assets under management. It transformed the investment industry by creating the first index strategy in 1971 and the first quantitative active strategy in 1979. BGI is the global product leader in exchange traded funds (iShares) with over 320 funds for institutions and individuals globally. www.barclaysglobal.com .
Barclays Wealth, the UK's leading wealth manager by client assets with £132.5 billion of client assets globally (at 31 December 2007). It serves affluent, high net worth and intermediary clients worldwide, providing international and private banking, fiduciary services, investment management and brokerage. It was voted Global Investor’s Wealth Manager of the Year for 2007. www.barclayswealth.com .
About Roger Jenkins
Roger Jenkins is the Chief Executive of Barclays Private Equity, Principal Investments and Structured Capital Markets at Barclays Capital in London . He is also a member of Barclays Executive Committee and was Chairman of the Barclays Recruitment Committee from 2002 to 2007. He was appointed Chief Executive of Barclays Private Equity and Principal Investments in 2006. During this period, Barclays Private Equity has become firmly established as one of Europe's leading mid-market private equity investors and has a successful track record spanning over twenty five years. This success has been shared with its clients who have co-invested with Barclays in a number of profitable transactions.
Roger started his career with BP in Paris . He joined Barclays International in 1978 and went to New York in 1980 as Senior Vice- President and head of Private Placements until 1984. He then moved to Barclays Treasurers Group (1985 - 1986) where he was involved in establishing Barclays Futures and was the Manager of the Overseas Investment Group.
In 1987, Roger joined Kleinwort Benson, New York as head of Global Private Placements and Bank Syndications. He moved to London in 1990 to become the co-head of the Financial Markets division. In 1994, Roger rejoined Barclays to head up Structured Capital Markets.
Roger Jenkins is also a Non-Executive Director of Absa Group Limited, one of South Africa 's largest financial services organisations.
