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Barclays in Spain
Barclays arrived in Spain in 1974. During four decades, the bank has contributed to the development and evolution of the banking business in Spain.
Since its implementation in Spain in 1974, the Barclays Group has experienced a strong growth, both organically –marked by an ongoing desire for innovation in products and services -and inorganically –with the acquisitions of Banco de Valladolid in 1982 and Banco Zaragozano in 2003. Barclays is the leading entity among the foreign banks operating in Spain.
Currently, Barclays holds a unique position in the Spanish market. It is the first foreign bank in Spain providing a wide range of financial products and services both in retail or private banking and wholesale banking. Barclays Spain has a very well regarded brand and a long history of product innovation. Barclays launched the first remunerated current account, the first unit linked products, the first guaranteed fund and linked to the Ibex 35 and the Remunerated Mortgage.
In order to provide efficient management of the Group’s extensive business portfolio, Barclays Spain has an organizational structure based on two major divisions:
Retail Banking (RBB)
The Retail Banking business of Barclays in Spain responds to the structural changes in the banking business and also in customers’ consumer habits. The bank is built around a business model based on three core aspects: technology, innovation and new channels to communicate with customers. This long term strategic focus whose main objective is to be leaders in the Premier Segment, a segment in which the brand is already identified with and where the bank already has an important customer base.
The bank is focused on the Premier and Premier Business segment and at the same time creates and develops digital solutions to improve both results and clients’ satisfaction. With this strategy, the bank seeks to adapt to the new banking context in which technology is gaining a huge importance in the relationship with clients.
Barclaycard, the most important card provider in Europe, has operated in Spain since 1999. Barclaycard credit cards are accepted in more than 60.000 outlets in the whole country and in 15 million outlets worldwide.
Wholesale Banking (Barclays CIB WM)
With regard to Wholesale banking, Barclays has complemented its leadership in bonds and financial risk management with the development of an important presence in the mergers and acquisitions markets and securities markets.
The global leadership of Barclays allows the bank to offer a comprehensive strategic advisory service, capital access, financing and risk management to the whole institutional Spanish market. Their clients include not only the largest companies in the country, public institutions and banks, but also wealth clients and family offices through the Private banking and Investment management business areas.
The business unit is focused on providing financial services oriented to treasury management, foreign trade, and risk management to both Group’s global clients operating in Spain and large Spanish companies with these kind of business needs both inside and outside Spain, bringing the international capacities of Barclays Group within their reach.
business unit provides a personalised management and advisory service in which every client has a private banker assigned. The unique offer of the business is based on providing their clients with access to investment alternatives, solutions and synergies thanks to a combination of the solid structure of Barclays Group with the level of local client service provided by a private banking institution. This business unit includes Barclays Wealth Managers, the investment funds manager.
Leadership teamCarlos Martínez de Campos, President of Barclays Bank S.A.U.
Antonio Castro, Chief Executive Officer of Barclays Bank S.A.U. and Country Manager, España.
Claudio Corradini, CEO of Retail Business Banking (RBB) in Spain and Portugal.
Pedro Fernández de Santaella, CEO of Corporate and Investment banking, Wealth and Investment Management (CIB WM) in Spain and Portugal.