Rediff.com« Back to articlePrint this article

Barclays to boost workforce by 10% in Asia

November 09, 2009 12:51 IST

UK-based Barclays on Monday said it would increase workforce in merchant banking segment across Asia by 10 per cent during 2010.

"We've seen very strong performance across Asia for all our business classes...we would expect our workforce to increase across Asia by 10 per cent," Barclays Chairman and CEO Asia Pacific Robert A Morrice told reporters on the sidelines of the India Economic Summit.

On India strategy, Barclay said it would continue to grow the business in the same way as it has been growing in the last 5 years.

Meanwhile, Bank of America Merrill Lynch county head (India) Kevan V Watts said India is a structural story and it makes sense to invest money in the equity market.

Sectors that look attractive include infrastructure and stock, which have good exposure to rural markets, he said.

However, dollar is expected to remain week in the coming months.

© Copyright 2024 PTI. All rights reserved. Republication or redistribution of PTI content, including by framing or similar means, is expressly prohibited without the prior written consent.