In a bid to fortify its financing operations across the Asia-Pacific region, Barclays Plc has brought on board Abhay Kumar Sinha, formerly associated with Deutsche Bank AG’s investment bank. Sinha previously spearheaded special situations financing for Deutsche Bank in the Asia-Pacific and India. This strategic addition aligns with Barclays’ broader growth strategy, focusing on reinforcing its local sourcing, underwriting, and risk management capabilities.
This move follows the departure of Mani Joseph from his role overseeing distressed debt and special situations debt trading at Barclays. C.S. Venkatakrishnan, CEO of Barclays Asia, underscores the bank’s commitment to wholesale banking and selective private banking within the region.
Barclays has been actively recruiting talent in special situations structured credit and private lending to enhance its operational strength. These endeavors aim to fill the gap left by Joseph’s departure and solidify the bank’s presence in the Asia-Pacific.
In the meantime, Deutsche Bank is also actively engaged in strengthening its position. The bank is creating roles to boost revenue and collaborating with a search firm to expand its workforce in the financing sector within the region. This highlights the competitive landscape for talent acquisition between these financial powerhouses in the Asia-Pacific region.
Drawing on real-time data and insights from InvestingPro, a closer examination of Barclays Plc (BARC) unveils some noteworthy attributes. The bank has consistently increased its dividend over three consecutive years, indicating financial stability. Furthermore, it is trading at a low Price/Book multiple and a favorable P/E ratio relative to near-term earnings growth, suggesting that the stock may be undervalued.