Business Barclays Targets Africa Investment-Bank Expansion Amid Job Cuts - BusinessWeek

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Barclays Plc (BARC)’s South African unit said its investment bank plans to extend brokerage, equity trading and other services into the rest of the continent as part of a two-year plan to boost profit.

“We’re in the top 10 in Africa, we’ve got to get to the top five,” Stephen van Coller, head of Absa Capital, the Johannesburg-based investment bank of Barclays Africa Group Ltd. (BGA), said in a Jan. 27 interview. “Trading and investment banking very much has an African focus now.”

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Source: BusinessWeek
 
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