Blade Watch

Finextra

Despite the fall out from the credit crunch, UK banking group Barclays is planning to add 1500 staff to its newly-established technology facility in Singapore over the next five years.

According to a report by Singapore daily The Straits Times, the bank has already hired around 110 local staff – including engineers and IT professionals – and plans to add another 300-400 staff by the end of next year. Barclays expects to have added 1500 new hires at the unit in three to five years’ time.

Speaking to Straits Times reporters at the opening of the new technology centre, Frits Seegers, chief executive of Barclays’ global retail and commercial banking unit, said despite the on-going financial turmoil, Barclays sees this as a good time to expand.

Check out this article, it’s talking about how Barclays is continuing to invest despite the economic activities and trading conditions. Remember that as one market grinds to a halt, there’s another growing and making money at the same time, with that in mind establishing how you can make revenue is key. We’re not buying hardware, are we consolidating, is there demand for infrastructure consolidation/virtualization services?

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