Finance Magnates: Barclays Expands Prime Brokerage Unit amid Archegos Collapse

The UK lender, Barclays is making a push to expand its prime brokerage services as many of its rivals stepped back from the space after the collapse of Archegos Capital, FN London reported on Thursday.

“We view prime services as a big opportunity and are investing heavily in the business,” Paul Leech, Co-Head of equities at Barclays, said. “We’re expecting to grow market share, and in order to provide the same level of client support, we need to continue to expand our resources to support that growth.”

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