Barclays Capital in new broking win

BARCLAYS Capital, the investment banking of arm of Barclays, has won another corporate broking client to add to its growing presence in UK equities.

Barclays beat competition from other investment houses to win the joint mandate at Catlin, the insurance broker. It will share the mandate with Catlin’s long-term broker JP Morgan, and is replacing UBS.

FTSE250-listed Catlin is the latest win for Barclays, which has won more than a dozen mandates in the last twelve months, six of which are FTSE 100 companies, including Resolution, 3i and IAG, the new holding company for British Airways and Iberia.

Barclays Capital’s corporate broking team is headed by Jim Renwick.