| Barclays
Barclays
| Barclays
| Barclays
| Barclays India
| Barclays
Barclays Middle East operations, based in Dubai, have undergone significant changes in recent years. One of a number of European investment banks to be affected by falling revenue and growing...
| Barclays Bank of Kenya
Barclays Bank of Kenya is a part of Absa Group, an African financial services group that is listed on the Johannesburg Stock Exchange in South Africa and is one of...
| Barclays Bank Moçambique
Barclays Bank Moçambique provides personal and business banking services for corporate customers and individuals in Mozambique. Founded in the country in 1977, it is based in Maputo with branches across...
| Barclays
Rachel Huf leads the Hong Kong based legal team at Barclays in her role of general counsel Asia Pacific. The team contains 18 lawyers and two non-lawyers as part of...
| Barclays
The Barclay’s legal team covering Italy comprises of lawyers based in both London and Milan, with previous experience in international and Italian law firms. The legal team provides advisory and...
| Barclays
The Hong Kong legal team of Barclays is led by Rachel Huf who serves as general counsel Asia Pacific and consists of 19 lawyers and two non-lawyers. The team is...
| Barclays – Personal, Corporate Banking and Shared Services
A well-known banking institution with a long history in Italy dating back to 1925, Barclays possess a talented legal team in the country that received special mention from a private...
| Barclays India
Barclays has had a branch presence in India since 1990, achieving market leading positions in its lines of business across banking, technology and shared services operations. Responsible for the general...
Freeze the regulatory environment of today and Barclays group GC Bob Hoyt believes the 740-strong legal team would still have a lot of work to understand and safely operate the...
| Barclays Investment Bank
Head of emerging markets legal Amol Prabhu leads the interaction of Barclays Investment Banking with its Barclays Africa franchise. This involves extensive co-ordination and collaboration with multiple legal teams comprising...
| Barclays Bank of Kenya
The sale of part of Barclays’ stake in its South Africa-based Barclays Africa Group earlier this year has accelerated the pace of change many of its banks are facing in...
Over the past two years, the Barclays legal team has transitioned from operating as a number of separate business-focused teams, with lawyers sitting in different locations within the UAE with separate reporting lines, to a single legal team operating from the DIFC which has unified the function making it more efficient and consistent. This team structure has also better enabled the legal function to help the Bank respond to the challenges and opportunities presented by the increasing pace of legal and regulatory reform in the region.
At the helm of this structural change is Martin Homberger, head of legal Middle East and North Africa, who joined Barclays in 2010 from Deutsche Bank and is responsible for managing three lawyers and one PA working on legal risk across all Barclays’ businesses in the region. He also supports country coverage in other Emerging Markets jurisdictions. On his team is Fiona Critchley, who joined in 2013 from Dentons and is the lead legal support for the corporate banking business including cash, debt, trade and FX as well as the legacy retail business and the onshore litigation portfolio. Fiona is very engaged and provides support and direction to the business on a wide range of business issues financial crime, fraud, regulatory compliance, VAT as well as just legal. Also, Hajar Barbach who joined Barclays in 2015 from Clifford Chance and provides legal coverage for the firm’s investment banking and private banking and overseas services businesses.
Hajar advises the business on a wide range of issues across products and transactions such as equity capital markets, Islamic finance, structured products and debt as well as a on a range of regulatory and other risk issues covering issues ranging from suitability/client classification, client complaints, data protection and outsourcing. In 2016, Barclays undertook a major restructuring of its Corporate Banking business in the UAE which involved the ‘right sizing’ of the client book, the transfer of clients’ accounts and facilities to a new Abu Dhabi branch and the closure of a Barclays’ Dubai branch. As part of this restructuring, a number of corporate banking coverage, product and infrastructure teams also relocated to the DIFC which enabled corporate to work more closely with Barclays Investment Bank.
Barclays conducts a significant amount of cross-border activity across the MENA region which requires a strong understanding of local laws, licensing and regulatory requirements of the countries in which they operate. Barclays Legal in Dubai has been heavily involved in supporting a global project to manage the firm’s cross-border risk, including helping to define the bank’s risk appetite and control framework for cross-border activities in emerging markets. About the business and the legal department’s future direction, Homberger said that ‘legal has increasingly become involved in coordinating and assisting on regulatory initiatives which impact the bank, including MIFID, UK ring-fencing legislation, structural reform and Brexit. We are also increasingly involved in advising on regulatory issues and supporting internal investigations, reviews on matters relating to financial crime, suitability and appropriateness’.
