Barclays Capital sets up fixed-income prime brokerage units

Ashish Patel and Maureen Horn, currently Barclays Capital associate directors in charge of fixed-income service teams in London and New York, respectively, will lead the new units. They will retain their current geographic responsibilities. Patel and Horn ultimately report to Kevin Mirabile, global head of collateralised finance.

“Dedicating prime brokerage resources to the government and corporate bond sector may in fact be unique to the market-place, but it is 100% consistent with our stated goal of offering risk management and financing solutions to our global clients across a multi-asset class platform,” Mirabile said.

He added that BarCap was evaluating the further extension of its prime brokerage platform to include foreign exchange, energy and other commodities.