Barclays hires for top roles in India amid global job cuts
Barclays bank to lay off over 450 employees in UK Sood, Chakka, Credit Suisse and Barclays did not comment on questions. Earlier in August, Barclays PLC named new executives to its top management in India, a major overseas market for the lender.
Pramod Kumar joined as CEO and Suneeta Shetty as India Chief Operating Officer. Among Barclays’ global units, India ranked fourth by revenue last year, trailing only the UK, US and Ireland.
The firm’s turnover in India has more than tripled in almost 10 years, outshining the performance of other key markets in Asia like Singapore or Hong Kong. Also Read: From Barclays to Citigroup, world's top bankers likely to return to COP28 Climate Summit in Dubai this year The India business, which also includes corporate and private banking, was more than twice the size of Singapore’s and Japan’s last year.
Bloomberg's data from the past two years shows Barclays was an adviser on Adani's Holchim India, and JSW's renewable energy business buy outs. On the global side, sources earlier in September said Barclays would lay off 450 people from its UK business.
Read more on livemint.com
