Barclays seeks synergy for its Asia credit products business

Romeo Uyan takes up new role as regional head of Asia credit products.
Barclays Capital announced that it has appointed Romeo Uyan as regional head of Asia credit products.

The role is a newly created one, and is a large part of the expansion of the credit trading businesses Barclays has in the region.

Based in Singapore, Uyan will be responsible for the trading side of credit products business in Asia - credit trading, credit derivatives trading, global loans trading and syndicate trading.

Uyan will have functional reporting lines to the head of global credit derivatives, Vincent Balducci; head of global loans, Tim Ritchie; and head of global syndicate, Geert Vinken. He will report jointly to Grant Kvalheim, co-President of Barclays Capital and Robert Morrice, Chairman and CEO, Asia-Pacific, Barclays Capital.

While maintaining their own respective reporting lines, head of Asia-Pacific syndicate, Andy Jones; head of global loans, Asia-Pacific, Hans Fuchs; and Eric Slighton, head of Asia-Pacific credit derivatives will have regional reporting lines to Uyan.

Barclays has been looking to focus on credit products and the move is seen as a more efficient way of utilising the synergies across the respective business lines. In this respect UyanÆs role will ensure that the different businesses are more closely aligned.

"Barclays Capital has made significant progress towards achieving its objective of becoming a leading investment bank in Asia Pacific,ö says Kvalheim. ôRomeo has been instrumental in this growth and he will enable us to further develop our credit businesses in Asia Pacific. In his new role, he will ensure cohesion among our growing credit products.ö

Having joined Barclays in August 2001 as a director and head of Asia credit trading, Uyan was promoted to managing director in 2003. Prior to joining Barclays he held a similar position with CSFB.

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