Barclays Bank PLC has announced the relocation of its Corporate and Investment Banking businesses in Mumbai to Raheja Altimus at Worli. This new office, spanning approximately 65,000 square feet, will also house the Private Bank and is equipped with modern facilities aimed at fostering collaboration and growth.
This move is a significant step in Barclays' strategy to expand its presence in India, where it has been operating for over 30 years. The bank offers various financial services including bespoke financing solutions, M&A advisory, debt capital markets, risk management solutions, cash management, trade finance, working capital solutions as well as investment banking and wealth advisory services to ultra-high-net-worth individuals and family offices. Barclays’ Global Service Centre is also located in India with operations across Mumbai, Noida, Chennai, and Pune.
Jaideep Khanna, CEO of Barclays Asia Pacific and Country CEO for India stated: “India’s strong macroeconomic fundamentals support its position as one of the fastest-growing economies in the world. The move reflects Barclays’ strategic investment in and commitment to India and the broader Asia Pacific region.”
Pramod Kumar, CEO of Barclays Bank PLC and Head of Investment Banking in India added: “The relocation underscores Barclays’ growth ambitions and continued patronage to India. We look forward to deepening our client relationships.”
Raheja Altimus holds WELL Platinum and LEED Platinum certifications which align with Barclays’ goal to become a net-zero bank by 2050. Customers will continue their banking activities seamlessly at this new location.
Barclays aims to be a leader in global finance through its diversified divisions including consumer banking in the UK, corporate banking franchises worldwide as well as investment banking operations connecting clients with capital markets globally.