Equity Syndicate and Equity Capital Markets work in partnership to structure and deliver equity financing and equity risk management solutions to our clients. Syndicate works with Origination to structure, price and allocate equity and equity-linked capital raising transactions (IPOs, secondaries, convertibles, etc). Syndicate facilitates both primary and secondary offerings, and provides expertise in trading and capital commitment to construct optimal financing solutions for clients. Equity Capital Markets creates highly innovative transactions by joining with industry and product experts across Barclays Capital to deliver the most creative and holistic solutions to our clients.

Barclays Capital is a leading underwriter of block trades. We were number one from 2006 to 2008* in the US league tables for block trades, and number one block trade underwriter in terms of number of deals and volume. Our internal convertibles underwriting demonstrates a diversity of product offering over the last three years.

In 2008 our performance was recognised by Institutional Investor in their Best Investment Banks survey for the following award:

• US Sales Force

^{* Barclays Capital acquired the North American Investment Banking and Capital Markets businesses of Lehman Brothers on September 22, 2008. These apply to Lehman Brothers.}