Tag: barclays

Barclays Wealth hires Vikram Malhotra and two others from UBS, bringing to a dozen the number of senior bankers the British bank has poached from UBS in the past six months. Strategist Aaron Gurwitz explains why 2010 is the time for investors to get exposure to equities and Asian currencies. The UK bank has launched the iPath Dow Jones-UBS commodity index total return exchange-traded note, hoping to repeat the success it has seen in the US with such products. The products will provide access to the CSI 300 index and more focused exposure to four sectors, including energy, financials, infrastructure and materials. The UK bank continues to bulk up and take on the big players in Asia's prime services market. Asian institutions are increasingly looking at inflation-linked investments, says Ralph Segreti, global head of inflation-linked products at Barclays Capital. UK-based Barclays Wealth has appointed Partha Roychoudhury as head of active advisors for North Asia, in an effort to strengthen its client services and advisory capabilities. Barclays Wealth has hired Srinivas Siripurapu from UBS as head of Southeast and South Asia as well as market manager, South Asia community. Barclays Wealth’s strategist is optimistic on Asian growth prospects and recommends those with cash on the sidelines add regional equities. With CVC Capital Partners out of the picture, Barclays' board sanctions the deal and now awaits shareholder approval. The offer from BlackRock includes the purchase of BGI's iShares business, unless CVC Capital Partners matches the offer. A Barclays survey of investor sentiment shows investors' views on currency seem predicated on confidence in a global economic recovery. Barclays says its retail funds and structured notes business is emphasising transparency over traditional flow business. Record volumes in foreign exchange markets are creating investment opportunities that don't exist in other assets. Barclays Global Investors hopes to strengthen both its institutional business and its iShares ETFs platform in Asia, which is a key area of growth for the firm. Andreas Kuhnle leaves Deutsche Bank to handle product development at Barclays Wealth in Singapore. The famous commodity investor promotes a new Barclays fund tracking his index and talks about currencies, convertibility and China. Citi snares Barclays private banking boss Nigel Sze as its new head of investments for Asia-Pacific wealth management. Investors will get one-for-one returns from the H-share index in a flat or falling market and super-charged returns when the market soars. Barclays’ global head of fund-linked derivatives discusses the growth in fund-linked structures that offer leveraged exposure to hedge funds.