Barclays: license granted to operate as foreign ADI in Australia

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Barclays today announced that the Australian Prudential Regulation Authority (APRA) has authorized Barclays Bank PLC to operate as a Foreign Authorized Depository Institution (ADI) in Australia. The Australian branch of Barclays Bank PLC is expected to become a local foreign bank branch in April 2022.

Australia is an important part of Barclays’ growth plans in the region. Establishing the branch in Sydney is a key step in the growth of the bank‘s customer base and enables it to offer more to its Australian institutional and corporate clients.

“Australia presents tremendous growth opportunities and is an important financial services market in the region,” said Jaideep Khanna, Director of Barclays, Asia-Pacific. “This foreign ADI license reinforces our commitment to Australia and allows us to proactively serve our clients with our global merchant and investment banking platform, further supporting their ambitions for cross-border growth. ”

Under the direction of Richard Satchwell, Country CEO and Head of Investment Banking, Australia, Barclays has been a local leader in the Australian leveraged finance market, successfully re-established its place as one of the strongest banks for issuance in offshore capital markets and has been active in providing innovative solutions for the environment, society and corporate governance (ESG), as well as supporting key clients with their acquisition financing needs. Richard will continue to lead Barclays’ growth initiatives in Australia and build on his momentum with his local strategic partner, Barrenjoey Capital Partners.

“The ADI license granted to Barclays is an important step in demonstrating to clients our commitment to the Australian financial market,” added Richard satchwell. “Barclays has grown steadily in our business over the past few years. We announced our strategic investment in Barrenjoey Capital Partners in September 2020, and we are already seeing the results of the investment with a strong pipeline of transactions a year later. Today’s news on the ADI license is another milestone and will further accelerate our plans to deepen the dialogue with Australian and global customers seeking opportunities in Australia. ”

Barclays re-established its office in Australia in 2018 and offers global financing solutions to local clients. Barclays is an Asia-Pacific merchant and investment bank with a presence in key markets such as Australia, China / Hong Kong SAR, India, Japan and Singapore.

Notes for Editors

Barclays has been present in Asia-Pacific for more than 50 years and primarily supports businesses and financial institutions in the Asia-Pacific region, meeting their cross-border corporate and investment banking needs and connecting them to the markets of capital from the UK, Europe and the Americas. Barclays in Asia Pacific is headed by Jaideep Khanna, its regional investment banking and global markets businesses are headed by Vanessa Koo and Matt Pecot respectively.

Recent key hires and development at Barclays in Asia-Pacific

  • October 2021: Angela Liu, Country CEO, China

  • August 2021: Barclays Bank infuses over Rs. 3,000 crore in capital to expand operations in India

  • August 2021: Grace Kuo, Shanghai branch manager

  • August 2021: Mani Joseph, Asia Special Situations Manager, Credit

  • July 2021: Evonne Tan, Director of Barclays Private Bank, Singapore

  • June 2021: Ee-Ching Tay, Head of Investment Banking, South East Asia

  • May 2021: Girish mithran, Head of Trading Program, Asia

  • March 2021: Yehong Ji, Vice-President, Banking Services, Greater China

  • March 2021: Kelvin Teo, Head of Equity Capital Markets, Asia-Pacific

About Barclays

Barclays is a British universal bank. We are diversified by activity, by different types of clients and clients and by geography. Our business includes global consumer banking and payments, as well as a leading, full-service global merchant and investment bank, all supported by our service company which provides services technological, operational and functional to the entire Group. For more information on Barclays, please visit our website www.barclays.com. Barclays offers investment banking products and services in the United States through Barclays Capital Inc.


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