Barclays appoints Arun Saigal to dual leadership role in India

Saigal will continue to report to Pramod Kumar, CEO of Barclays India and Head of Investment Banking, India, the bank said.

British bank Barclays has expanded the responsibilities of its Indian senior executive Arun Saigal, in a strategic move to improve its presence and enhance client relations in India. Saigal, who currently leads the financing business with Barclays Investment Banking division, will now also spearhead the corporate finance business in the country.

In his expanded role, he will further strengthen the bank’s relationship with its top clients and will be responsible for driving further growth and synergies in our market leading M&A and Financing businesses, the bank said.

Saigal will continue to report to Pramod Kumar, CEO of Barclays India and Head of Investment Banking, India, the bank said.

In August 2023, Barclays elevated Pramod Kumar as its new Chief Executive Officer, succeeding Ram Gopal, who served as the country head for nearly six years before retiring.

India continues to be a strong growth market for Barclays. In 2021, the bank  announced an investment of over Rs 3,000 crore in the local unit to accelerate its growth ambitions in India.

In October, Bloomberg reported that Barclays is hiring a pair of investment bankers in India even as it is trimming headcount by about 300 people across the corporate and investment bank globally.