A British banking conglomerate Barclays plans to open a Department of trade operations with cryptocurrencies. How to write Barron’s and Business Insider, this is evidenced by personnel changes in the management of the Bank and the job descriptions of some employees in their profiles on LinkedIn.
The former head of the direction of energy trade Barclays, Chris Tyrer (Chris Tyrer), as well as a trader in the oil markets Matthew Duval (Duval Matthieu J.) are working on “project in the field of digital assets” since January; according to Business Insider, the initiative is directly tied to cryptocurrency. Two independent sources familiar with the situation told Barron’s that the working group also includes Marvin Barth (Barth Marvin) Chapter makrostrategicheskom planning foreign exchange and emerging markets at Barclays, and Dr. Lee brain (Lee Braine) senior technologist in the investment division of the Bank, also heads a private group on blockchain developments.
The position of the Duval implies “the development of a business plan for the integration of digital assets with the market activities of the Barclays: the possibility of achieving profits, the overall picture of competition, budget allocation and implementation planning, creation of IT-infrastructure, associated changes in the reporting of balance of capital.”
Description Duval has been removed from his page in LinkedIn after the journalist of Business Insider posted a request for review at Barclays. Duval said the publication that the description of his post was “correct”, but did not disclose further information. Tyrer refused contact with the journalist of Business Insider.
Barclays spokesman said the Bank does not conduct any cryptocurrency projects; however, confirmed the personnel changes.
For the first time information that the conglomerate plans to open trades with cryptocurrencies appeared in mid-April, but was denied the Barclays CEO Jes Staley (Jes Staley).
Similar rumors were spread in relation to Goldman Sachs. However yesterday it became known that the investment Bank is really working on custodial services for cryptocurrency investments.
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