“I am delighted to have Karan as part of our team in India. Karan will play a crucial role in spearheading the growth of Barclays Corporate’s business in India and in building stronger synergies with Barclays Capital and Barclays Wealth in the country”, said Mark Jones, Managing Director, Barclays Corporate Asia and UAE. “Karan will also work closely with our Global Coverage, Product and Infrastructure teams, to strengthen and develop our franchise in this key market”, he added.
Karan joined Barclays in 1990 on its Management Development Programme and has worked in a variety of roles within corporate and investment banking. Most recently he was Co-Head of the Risk Solutions Group for EMEA within the Investment Banking Division at Barclays Capital, based in London.
Karan Bhagat said, “I am extremely excited about my new role at Barclays Corporate. India is a terrific market opportunity and this is a wonderful time to be working closely with our corporate clients in India as the economy continues its strong upward trajectory. I am also excited to work with such a dynamic team and look forward to growing the Barclays franchise in India.”
In India, Barclays Corporate primarily targets the commercial banking needs of larger local corporates and the local operations of multi-nationals, working closely with Barclays Capital and Barclays Wealth. The retail strategy in India, developed in close collaboration with Barclays Global Retail Banking, targets the needs of the fast growing mass affluent consumer banking customer segment in India.
India Infoline Research Team / 15:28, Mar 13, 2015
Markets are now reinforcing the perception of an early interest rate hike by US Federal Reserve, with consensus calling for the hike taking place in June, when compared with the prior expectations of a hike in September.