China Development Bank (CDB) and Barclays have formed a commodities strategic alliance, which will initially focus on energy, metals and emissions. The move comes after CDB took a £1.5 billion (3.1%) share in Barclays, parent company of investment bank Barclays Capital, in July.
The alliance will see Barclays develop commodity products origination and trading capabilities within CDB, and enhance its commodities execution and risk management infrastructure. In exchange, CDB will appoint Barcla
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