Barclays Capital has opened an office in Boston. London-based CEO Bob Diamond opened the new offices on Thursday. “Establishing Barclays Capital in Boston not only allows the firm to substantially grow our client service business in the Northeast, but is a proud homecoming for me personally,” says Diamond, who hails from Concord, Massachusetts. “Opening a Boston office is a natural extension of the growth of our franchise. Seven of the 25 largest money managers in the US are based here. The team we have assembled is well-positioned to provide top-tier service to our Northeast region client base.”
Located on the 25th Floor of One International Place, this institutional sales office will initially be staffed with six individuals, led by Tom Dimond and Robert Earl. Dimond is responsible for investment grade credit products. He joined Barclays Capital in April after 16 years in credit sales with Goldman Sachs. Earl is responsible for both cash and derivatives rates coverage for institutional sales and will oversee development of the business in the Northeast region. Earl also joined Barclays in April after 13 years with Goldman Sachs, based in Boston for the most recent 10 years.