Australia

Entered market 

1969

A representative's office was first opened by Barclays Bank DCO at Sydney in 1969. Renamed in 1971 as Barclays Bank International it then acquired a non-bank corporation in Australia in 1972, and used it to carry out merchant banking functions, renaming it Barclays Australia Ltd. A wholly owned subsidiary, Barclays Australia (Finance) Limited was established in 1978. A full banking licence was received in 1985, with the aim to concentrate on lending to small and medium-sized businesses. Corporate and merchant banking was covered by Barclays de Zoete Wedd, which acquired Meares and Philip (a Sydney stockbroking partnership) in 1987. In 1994, a decision was made to sell the commercial banking division to St George Bank Ltd, and following the reorganisation of BZW, further businesses were sold. By the late-2000s Barclays Capital had established a significant presence in Australia and collected several awards for its operations in debt finance, derivatives, and mergers and acquisitions. In 2007, Barclays Global Investors launched a new range of exchange-traded funds, known as iShares, onto the Australian Securities Exchange, allowing Australian investors a convenient and low cost tool to invest in foreign equities. In 2016 Barclays joined with Commonwealth Bank of Australia in a technology partnership designed to transform the way people can move money between Australia and the United Kingdom. CBA and Barclays will connect their payment apps - CommBank app and Barclays Pingit - to provide a secure and simple process for moving money across continents.

Traded as

Barclays International