Barclays Names Arun Saigal To Dual Leadership Position In India
Barclays, the British bank, has broadened the responsibilities of its senior executive in India, Arun Saigal, as part of a strategic move to strengthen its presence and client relationships in the country. Saigal, currently leading Barclays Investment Banking's financing business, will now also oversee the corporate finance division.
In his expanded role, Saigal aims to bolster the bank's ties with top clients and drive growth and synergies in the M&A and Financing sectors, Barclays stated.
Saigal will continue reporting to Pramod Kumar, CEO of Barclays India and Head of Investment Banking for India.
Barclays appointed Pramod Kumar as its new CEO in August 2023, succeeding Ram Gopal, who retired after leading the country operations for nearly six years.
India remains a key growth market for Barclays, with the bank announcing a significant investment of over Rs 3,000 crore in its local unit in 2021 to accelerate growth ambitions.
Despite global headcount reductions, Barclays is reportedly hiring investment bankers in India, as reported by Bloomberg in October.
