Barclays Capital to gain Thai foothold

- Saima Farooqi
- 12 Dec 2001

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Barclays Capital bought DBS Thai Danu Securities from Singapore's DBS Group, and plans to undertake a large expansion of its debt capital markets activity in the Asia Pacific region through the vehicle. Subsequent to gaining the necessary licences, Barclays Capital said it plans a major expansion of its derivatives business in Thailand, but has yet to provide specific details.

"We are very pleased to have made this acquisition. It is an important part of our on-going expansion in Asia," said

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Barclays Capital to gain Thai foothold

Barclays Capital, the investment banking arm of the UK's Barclays Bank, plans to gain a strong foothold in the Thai derivatives market through its purchase of DBS Thai Danu Securities.

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