News Releases

Singapore - Barclays Capital, the investment banking division of Barclays Bank PLC, is pleased to announce one appointment and two internal promotions in its Asia Pacific foreign exchange senior management team.

Barclays Capital has appointed Adrian McGowan as a Managing Director and Head of Foreign Exchange Trading, Asia Pacific. Based in Singapore, he will report to Ivan Ritossa, the firm’s Global Head of FX and Head of Global Markets -Trading, Asia Pacific. Adrian joins Barclays Capital after nine years at Deutsche Bank in London, where he was most recently Global Head of Complex Risk and Euroblock Flow Options Trading.

Lutfey Siddiqi, Managing Director and Asia Pacific Head of Corporate FX and Risk Advisory, has now assumed management responsibility for distribution of the full suite of flow and structured FX products across both corporate and investor clients in Asia Pacific. He will report jointly to Kevin Burke, Head of Distribution, Asia Pacific and Patrick Kwan, Regional Head of Derivatives and Financing Solutions, Investment Banking Division on a regional basis, and globally to George Athanasopoulos, Global Head of FX Sales and Emerging Markets Sales for institutional investor clients. Lutfey joined Barclays Capital's FX leadership team in October 2002 as Global Head of FX Structuring, based in London.

Dean Tonkin, currently Head of FX Trading, Japan and Regional Head of FX Forwards has assumed additional regional responsibility for FX Spot Trading and FX Proprietary Trading, reporting to Adrian McGowan. Dean joined Barclays Capital in Singapore in June 2004 as a Director and Regional Head of FX Forwards before relocating to Tokyo in mid-2006 to also take on the Head of FX Trading, Japan position.

“Our Foreign Exchange business has made tremendous strides towards becoming the premier provider of risk management, investment and execution services for our clients. In Asia we have ranked #3 in the Euromoney FX Poll for the past two years with a significant increase in market share to 14% in 2008, up from 10% in 2007,” said Ivan Ritossa. “These appointments will strengthen our FX management structure in Asia Pacific, helping us remain at the forefront of innovation in the FX markets,” he added.

For further information please contact:

Jonathan Williams, Barclays Capital Communications, Tel: +65 6308 3490

Notes to editors:

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 £1.2 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 29 countries, employs over 16,200 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.