Loading...
See More

Barclays seeking staff for new hub

Jun 14 2013 16:09 Reuters

Barclays bank. (AFP)

Related Articles

Barclays dragged into US laundering probe

Barclays Libor court case on ice

Barclays continues management shake-up

Barclays, Absa's Africa deal gets the nod

Barclays‚ Absa deal still on track

Barclays slips on placement

 

London - Absa's parent company Barclays is aiming to recruit up to 700 technology staff in the next 18 months at a new centre in the United States that will develop applications for investment banking and consumer banking.

The London-based bank opened its technology hub in Dallas, Texas on Thursday. It said it expects to have up to 700 staff there by the end of 2014, mostly new recruits but possibly including staff moved from other parts of the bank.

Staff will develop software and systems, such as trading platforms for fixed income instruments and work on developing digital and mobile platforms for consumer banking.

"The aim is to attract innovators who can help us drive the transformation and strategic integration of global innovation platforms in banking and financial products, and ensure Barclays maintains its position as a leader in this space," a spokesperson for the bank said.

The bank said Dallas was chosen because it is a technology hub with a high number of qualified graduates and professionals and offers a potential lifestyle to help it attract and keep good staff.

Antony Jenkins, who took over as Barclays' chief executive in August last year, is putting a focus on technology, saying new products and systems could over time cut the number of staff the bank needs by a quarter, or 40 000 fewer than it has now.

He named Shaygan Kheradpir as head of operations and technology in one of his first senior appointments.

Follow Fin24 on Twitter, Facebook, Google+ and Pinterest.

barclays  |  banks
NEXT ON FIN24X

 
 
 

Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
0 comments
Add your comment
Comment 0 characters remaining
 

Company Snapshot

We're talking about:

Small Business

New forms of digital technology are changing the very ways in which entrepreneurs run their businesses.
 
 

6 life hacks you simply have to know

A few simple tricks can make your life so much easier!

 
 

For chic geeks...

Device lets disabled people talk through their nose
It’s THIS easy for someone to steal your ATM pin!
This is why you should install iOS 8
17 photo illusions that look so real

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...
Loading...