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| Barclays Appoints Consumer Banking Director - India |
| Announcement / Banking Oct 06, 2009, 20:18 IST |
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Barclays announced today the appointment of Suvrat Saigal as Consumer Banking Director, Global Retail and Commercial Banking (GRCB) India.
Suvrat brings with him a wealth of experience, including deep international expertise in consumer banking acquired across a wide range of global markets.
“I am delighted to have Suvrat as part of our team in India and welcome him into the Barclays family. Suvrat will play a crucial role in spearheading the Barclays consumer banking business in India. There is a tremendous untapped potential in the retail banking sector in India, especially in the affluent and mass affluent sectors, which is precisely where Suvrat’s expertise lies. We are sure that his global experience will help us create significant value for the discerning Indian consumer”, said Ram Gopal, Interim Managing Director, Barclays GRCB India.
Prior to joining Barclays, Suvrat held various senior positions with Citigroup for 19 years across Australia, the Asia Pacific region including Japan, USA, Singapore and India with a focus on the consumer banking segment. Suvrat was most recently the Head of Strategy, Marketing and Customer Experience at Citibank Australia.
Suvrat has earlier held a series of senior positions at Citibank. These include: Head of Wealth Management for Australia; Citibanking Head for Asia Pacific; Payment Products Head, Marketing Director and Deposit Head for Japan. In addition, Suvrat spent two years as the Retail Bank Head at Citibank in Guam, USA. He has also held functional roles at Citibank in India for over five years.
Suvrat Saigal said, “I am extremely excited about my role at Barclays GRCB in India. I am excited to work with a dynamic team and look forward to growing the consumer banking business in India.”
Barclays Global Retail & Commercial Bank, India
Barclays GRCB India, launched its commercial banking services in the country in November 2006 and followed it up with the launch of its retail services in May 2007. Barclays GRCB business has built a strong franchise in India over the past two and a half years with over 900,000 clients and customers. Barclays continues to be committed to India through its six Barclays entities including Global Retail and Commercial Banking, Barclays Capital, Barclays Wealth and specialist technology and BPO centres of excellence. India is one of the leading markets for Barclays Plc.
Barclays GRCB India is headquartered in Mumbai and has established its presence in five other cities– New Delhi, Nelamangala (near Bengaluru), Kanchipuram (near Chennai), Junagarh (Gujarat) and Ahmednagar (Maharashtra). Barclays Finance, the non banking finance arm of Barclays has a presence across 49 cities with over 110 distribution points.
About Barclays Global Retail and Commercial Banking (GRCB):
Barclays Global Retail and Commercial Banking (GRCB) encompasses all of Barclays retail and commercial banking businesses around the world. Operating in 28 countries, Barclays GRCB comprises UK Retail Banking, Barclays Commercial Bank, Barclaycard, GRCB Western Europe, GRCB Emerging Markets and GRCB Absa (Barclays Bank PLC owns 58.8% of Absa Group Limited). Barclays GRCB serves 49 million customers and clients around the globe through a network of more than 4,800 distribution points.
To find out more about the individual Barclays GRCB businesses, please visit our website ww.barclays.com
About Barclays:
Barclays is a major global financial services provider engaged in retail and commercial banking, credit cards, investment banking, wealth management and investment management services, with an extensive international presence in Europe, the USA, Africa and Asia.
With over 300 years of history and expertise in banking, Barclays operates in over 50 countries and employs over 140,000 people.
Barclays moves, lends, invests and protects money for over 49 million customers and clients worldwide.
For further information about Barclays, please visit our website www.barclays.com
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