Barclays (LON:BARC) has appointed Jonathon Traer-Clark as the new Head of Americas for its Global Transaction Banking (GTB) division, a move aimed at bolstering the bank's services for UK and European businesses operating in the US. Traer-Clark brings over three decades of experience in international finance and corporate treasury.
The bank's GTB business caters to large corporate, financial services, and institutional clients, offering treasury solutions, transaction banking, and lending services to facilitate risk management, transactions, and growth financing.
Karen Braithwaite, Global Head of Transaction Banking at Barclays, noted that the bank's transaction banking arm is on an expansion trajectory in the Americas, and Traer-Clark's expertise is expected to be pivotal in this growth and in delivering execution for clients.
Barclays has reported a surge in demand from UK and European clients for innovative payments and cash management solutions in the US. With Traer-Clark's appointment, Barclays aims to leverage his experience to meet these needs and enhance its cross-border services.
Before his new role at Barclays, Traer-Clark held a position at Wells Fargo (NYSE:WFC) as Managing Director, where he focused on Global Treasury Management, Strategy, Digital, and Innovation. Graham Warner, Head of International Corporate Bank Americas at Barclays, expressed confidence that Traer-Clark's seniority and experience would significantly contribute to the advancement of the business in the region.
In addition to Traer-Clark's appointment, Barclays has made several strategic hires over the past year, including Arthur (Chip) Northrop (NYSE:NOC) as Head of Payments and Cash Management for the Americas, who joined from JP Morgan.
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