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Possible Future Directions. Retail and Business Banking Aggressively expanding globally Making Barclaycard a name recognized worldwide Reaching further around Europe Developing Africa Corporate and Investing Banking, and Wealth Management Use Strategic Advisory experience globally
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Possible Future Directions • Retail and Business Banking • Aggressively expanding globally • Making Barclaycard a name recognized worldwide • Reaching further around Europe • Developing Africa • Corporate and Investing Banking, and Wealth Management • Use Strategic Advisory experience globally • Barclays Wealth • Greatest opportunity for expansion into new markets.
Future of Retail Business Banking • Strong presence in the UK, Spain, and Africa • 1,600 branches in the UK • Approximately 550 in Spain • Majority share in Absa, an African Securities company • Continued expansion Barclaycard • Currently partnered with Visa, MasterCard, and Apple Card.
Future of Retail Business Banking Continued • Currently has branches in Spain, Italy, Portugal and France • Must reach to countries such as Germany, Norway, Sweden, Switzerland, etc. • Developing interests in Africa • Absa Group: Largest bank in South Africa • Some presence in former colonies
Future of Corporate and Investing Banking, and Wealth Management • Utilize Strategic Advisory services globally • Concentrate on Asia, specifically China • Focus on Wealth Management
Wealth Management • China’s Income level, especially among the wealthy, is rising • Nearly the highest percentage of savings in the world
An Uncertain Future? • Unusually high turnover for CEOs • Who’s really running Barclays? • Is the Group Center still viable • Reporting practices • Transparency