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Business structure

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About us

Business structure

Barclays operates two clearly defined businesses: Barclays UK and Barclays International

The future structure of Barclays

Barclays is a transatlantic consumer, corporate and investment bank offering products and services across personal, corporate and investment banking, credit cards and wealth management, with a strong presence in our two home markets of the UK and the US. 

These two businesses will be supported by a Group Service Company, which houses the majority of Barclays’ Group Functions and the Chief Operating Office, which includes Operations and Technology.

Barclays will focus on our strength as a transatlantic consumer, corporate and investment bank. The Group will be anchored in the two financial centres of the world, London and New York.
Jes Staley, Group Chief Executive Officer
Antony Jenkins, Group Chief Executive
Barclays UK Barclays  International
Focused UK consumer and business bank with scale Diversified transatlantic wholesale and consumer bank
Personal Banking

UK Cards

Wealth, Entrepreneurs and Business Banking
Corporate and Investment Bank

Consumer, Cards and Payments

Barclaycard and Wealth International

Barclays UK 

Barclays UK is a personal and business banking franchise with true scale, built around our customers’ needs with innovation at its core. It comprises our UK retail banking operations, our UK consumer credit cards business, our UK-based wealth offering, and corporate banking for smaller businesses. With around 22 million retail customers, and almost one million business banking clients, we are a pre-eminent UK financial services provider. This division will become our UK ring-fenced bank by 2019. 

Barclays International 

Barclays International is a diversified transatlantic business comprising our corporate banking franchise, which is market leading in the UK with strong international growth opportunities, our top-tier investment bank, a strong and growing US and international cards business, our international wealth offering, and leading payments capability through both corporate banking and the Barclaycard merchant acquiring expertise. Barclays International has scale in wholesale banking and consumer lending, strength in our key markets, excellent growth potential, and good balance in its revenue streams, delivering further resilience and diversification.   

Our objective is to maintain solid IG ratings. Furthermore, we intend to create as much stability in the ratings of B PLC and BB PLC as we can - both before and after structural reform.

Frequently asked questions (FAQs)

What is ring-fencing?

Structural Reform, sometimes referred to from a UK perspective as ‘ring-fencing’, aims to create a safer and more resilient banking system within which institutions will be more easily resolved without access to government funds. The regulatory requirements driving Structural Reform vary in different countries but for Barclays it’s principally driven by those of the UK and the US.

In the UK, it is driven by legislation introduced by the Government that aims to make the banking system more resilient in the event of another financial crisis. It will require banking products and services like savings accounts, current accounts and payments to be separated from more complex products like derivatives, and from activities that are conducted in locations and markets outside the UK and European economic area.

In the US, we are required to implement an Intermediate Holding Company - within which all our US subsidiaries will operate. This will sit in Barclays International.

What does Structural Reform mean for Barclays’ customers and clients?

Barclays has announced a structure which is simpler, will accelerate strategy and prepare the bank for Structural Reform. This has no immediate impact on customers or clients. As we work towards the delivery of our Structural Reform requirements between now and January 2019, we will contact our customers and clients in good time if they are affected.

Related links

Investor Relations Investor Relations Jes’s Strategy Update videoJes’ strategy update video
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