Barclays demonstrates growth ambitions in Italy with move to new Milan HQ

Barclays has moved to a new, improved HQ for its Italian operations in The Medelan building in Piazza Cordusio, Milan.

The relocation caps a momentous year for the bank as it celebrates its 50th anniversary in Italy, and further demonstrates its commitment to the Italian market as a key element of its growing Barclays Europe entity.

The new HQ in The Medelan retains Barclays’ presence in the heart of Milan, with the bank moving from its former location on Via della Moscova, to its new home between the Duomo and Castello Sforzesco. The improved office space sets up the bank for further growth in Italy across its Investment, Corporate and Private Bank businesses.

The state-of-the-art facilities offer employees a brand-new experience, enjoying refurbished spaces that will bring colleagues together in a shared working environment, coupled with modern technology that supports greater collaboration and a more flexible workspace. Reflecting new ways of working, employees will be able to use a dedicated app to book the space they need before they arrive at the office and maximise their collaboration time with colleagues and clients. The improved working environment will allow the bank to focus on its priority to accelerate colleagues’ development and attract the best external talent to the organisation.

Crucially, the new office is built in a way that reduces energy consumption: the LEED platinum building is aligned with Barclays’ strategy of transitioning to a low-carbon economy and its ambition to become a net zero bank by 2050.

Alongside the physical move for Barclays that confirms the importance of Italy for the bank, Italian bankers are also thriving at Barclays globally, with the recent hires of Enrico Massaro as Head of Consumer Retail Group, EMEA and Pietro Raguso as Managing Director, Leverage Finance in London, as well as the promotion of Rossella Bellini to Head of Corporate Banking for Italy.

Enrico Chiapparoli, Country CEO, Italy, said: “This is an exciting move for Barclays. The Medelan is an historic building that has been modernised with outstanding, sustainable facilities, so it’s a perfect match for us – an historic institution established in 1690 that has been in Italy for 50 years and continues to innovate. We are delivering the power of the entire bank to help Italian businesses navigate change and achieve their bold visions for the future, what we call ‘powering possible’ for Italian corporates. We will use our new base as a springboard to further support our clients and the broader Italian economy for many years to come.”

Francesco Ceccato, CEO, Barclays Europe, said: “Barclays is proud to celebrate its cinquantenario and The Medelan symbolises our future ambition for the bank in Italy. We look forward to welcoming everyone to our new home.”