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Barclays appoints Dennis Watson as Head of Asset Finance, Corporate Banking

30 May 2012 15:29 GMT

Barclays has appointment Dennis Watson as its new Head of Asset Finance within the Corporate Bank.

Dennis is already responsible for the bank’s real estate, project finance and mezzanine debt origination teams and will assume control of the Asset Finance business, taking over from Alex Brown who has moved across to spearhead Barclays representation in the education, local authority and social housing sectors.

The change of leadership comes as Barclays reshapes the way asset finance is delivered to its corporate banking clients.

Dennis Watson explains: “We are not changing our appetite for asset finance, far from it, but what we are doing is bringing asset finance alongside our other asset backed and working capital debt propositions, enhancing the client experience by identifying needs earlier and supporting them with the right capital structure from a wider range of products. In today’s uncertain world it is important that a client’s debt needs are viewed in the round rather than on a single asset or transaction basis”.

He continued: “Alex ran the asset finance business with great success in recent years, putting the business on a solid footing for the future and it is only through the efforts of him and his team that asset finance has become such an important instrument in the debt toolbox for Barclays”.


About Barclays

Barclays is a major global financial services provider engaged in personal banking, credit cards, corporate and investment banking and wealth and investment management with an extensive international presence in Europe, the Americas, Africa and Asia.

With over 300 years of history and expertise in banking, Barclays operates in over 50 countries and employs approximately 140,000 people. Barclays moves, lends, invests and protects money for customers and clients worldwide.

For further information about Barclays, please visit our website www.barclays.com.