Dubai International Financial Exchange Welcomes Barclays Capital As Member

One of the world’s largest investment banks, Barclays Capital, has joined the Dubai International Financial Exchange (DIFX) as a member firm. Barclays Capital is the investment banking arm of AA-rated Barclays Bank which has a balance sheet of over £560 billion. Barclays Capital has offices in 25 countries employing over 8,000 people.

Barclays Capital is the sixth firm to become a member of the DIFX since the exchange opened for business on September 26, 2005.

Steffen Schubert, Chief Executive Officer of the DIFX commented: “We welcome Barclays Capital as a member of the DIFX. Its arrival demonstrates the confidence that the financial community has in the exchange. As a member of the DIFX, Barclays Capital can participate in the region’s newest, best regulated and most international capital market.”

Nicholas Hegarty, Chief Executive Officer and Managing Director for Barclays Capital in the Middle East and North Africa, commented: “Membership of the DIFX reconfirms Barclays Capital’s commitment to the region, to the DIFC and to our strategy of developing new and innovative product offerings for regional distribution.”

The DIFX aims to become the leading international financial exchange between Western Europe and East Asia. It expects to attract large numbers of international and regional investment banks and brokers as members.