10 May 2011
A Barclays spokesman says the British bank is moving support staff for its African operations from Dubai to South Africa.
Perry Jones said on Monday the move will be complete by year’s end and will better position the bank to exploit potential for growth in Africa.
Barclays operates in 10 African countries and owns a majority stake in the Absa Group, a South African banking and financial services business.
Jones says Barclays is “excited about the growth potential for us in Africa.”
Jones says the move involves 120 people. The Africa unit has been based in Dubai since 2007, and before that was previously in South Africa.