Barclays 2012 Annual Report Download - page 22

Barclays integrated universal banking model, with a presence in 50
countries, allows us to meet the needs of our clients by connecting
capabilities from across the Group. The Investment Bank aims to be
the ‘Go-To’ bank for corporate and institutional clients, providing
them with the products and services they need to invest, grow and
manage risk.
Through our client-focused flow business we provide diversity of
income and risk to the Group and are able to deliver market execution
services for retail, wealth and corporate customers.
Our business model
Investment Banking Division
Our Investment Banking Division provides a full suite of banking
services to corporations, governments and institutions worldwide.
Services include arranging and underwriting debt and equity issuance,
providing advice on mergers and acquisitions, corporate finance and
restructurings, making active markets for securities across global debt
and equity exchanges and delivering strategic risk management
solutions.
Markets
Our Markets team provides execution and risk management across
the full range of asset classes including equity and fixed income,
currency and commodity (FICC) products.
We facilitate client transactions on stock, options and futures
exchanges globally and provide prime brokerage services, including
clearing, financing and securities lending, to institutional clients.
We are active market-makers for securities across every asset class,
helping to provide liquidity to the world’s financial markets.
We also provide access to derivative products allowing organisations
to hedge exposure to movements in interest rates, currencies and
commodity prices.
A combined Markets team was established October 2012, integrating
our FICC, Equities and Distribution divisions. This new structure
will enable us to deliver more joined up solutions for our clients, and
deliver greater synergies across product groups and trading and
distribution teams.
Research
Our global, multi asset Research team delivers actionable ideas and
innovative products to our clients, partnering with them to help ensure
they make informed investment decisions. Our expertise in debt, equity
and economic research provides our clients with impartial, insightful
advice on global and regional companies, markets and topics.
Our clients
Our clients include multi-national corporates, sovereign governments
and supranational bodies and financial institutions, including banks,
pension funds and insurance firms.
We help corporate clients to achieve growth and job creation in the real
economy, governments to deliver their stability and growth plans, and
institutions to meet the long term investment needs of their clients.
In 2012, we were once again recognised for the strength of our client
focus and were awarded Best US Investment Bank and Best UK
Investment Bank by Euromoney.
Our colleague, conduct and citizenship initiatives
In response to the events of the summer and the wider change in
the industry we undertook a detailed review of our business
practices across three broad areas: business line, business conduct and
reward practices.
The resulting recommendations included changes to our business
model in certain areas and enhancements to our controls and broader
working practices. These will be implemented through the Transform
Programme and will help ensure the Investment Bank is able to
continue to meet the needs of all its stakeholders.
Training the next generation of leaders
The Investment Bank has continued to develop and improve its annual
internship programme which runs for 10 weeks every summer, and
sees over 900 students join the bank globally, embedded in teams
across the organisation.
In 2012, we were recognised for the strength of this programme by
being voted the number one place to do an internship in the UK by
ratemyplacement.co.uk, based on thousands of student-written
reviews submitted to the website.
Encouraging youth entrepreneurship
The Investment Bank has an ongoing partnership with Youth Business
International (YBI), an organisation which helps young people start
their own business, create jobs and develop communities in more than
35 countries around the world.
In 2012, we provided support, including training and on-going
mentoring to help YBI support over 7,500 entrepreneurs, creating an
estimated 25,000 jobs globally.
Contribution to total income
£11,7 2 2m
barclays.com/annualreport20 I Barclays PLC Annual Report 2012
Business review
Investment Bank
We provide advice, financing and risk
management solutions to companies,
governments and institutions around
the world.