Barclays prime services to build on synthetic beginnings

Barclays Capital, which has been building its prime services division globally over the past two years, aims to branch out from synthetic prime brokerage to a full-scale offering to hedge funds and other asset managers, says Ryan Bacher, the bank’s head of prime services for Asia-Pacific. After establishing an equities trading presence in Hong Kong, Japan, Taiwan, South Korea and India in the past two years, Barclays has been extending its global hedge fund client base from a focu…