Barclays' Thrush Outlines Strategic Plans, Covering The Spectrum Of FX/Stir Products

- By FX Markets Staff
- @FXMarkets_
- 20 Oct 1997

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Barclays' announcement that it is restructuring its Barclays de Zoete Wedd (BZW) investment banking arm, creating Barclays Capital Group (BCG), will not have a material impact on its forex business, says global head of FX Paul Thrush. The bank plans to keep its treasury, FX and private stock broking divisions, while largely selling off its equities business. Barclays Capital replaces the old BZW name.

BCG, which will be headed by Robert Diamond, the current chief executive of the markets business

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