News Releases

New York, NY (August 4, 2008) – Barclays Capital, the investment banking division of Barclays Bank PLC, today announced the appointment of Charlie Parkhurst as a Managing Director and STRIPS Trader. He will be responsible for developing the firm’s business in the long end of the Treasury curve with real money investors, hedge funds and financial institutions. Based in New York, he will report to Ronti Pal, Managing Director and Head of USD Fixed Income Linear Rates Trading.

Prior to joining Barclays Capital, Mr. Parkhurst was a Partner and Proprietary Rates Trader at Archeus Capital Management and Centerlight Capital Management.  Mr. Parkhurst spent more than 15 years at Salomon Brothers where he was responsible for the government bond trading desk. He is a graduate of Princeton University.

“Barclays Capital is taking advantage of opportunities in the current market environment to expand our fixed income offering,” said Harry Harrison, Managing Director and Head of USD Fixed Income Trading and European Linear Trading. “In less than five years, we have nearly quadrupled our US Treasury market share. Charlie’s appointment reflects our commitment to being a top 5 USD fixed income house.”

“Charlie has proven expertise in the long end of the Treasury market and he brings a great knowledge to the firm which will benefit our clients,” said Pal. “His appointment will support the growing interest among pension funds in longer-dated securities.”

Eric Bommensath, Head of Global Fixed Income Trading and Head of Global Markets Trading – Americas, added, “Barclays Capital continues to establish its position as a leader in US fixed income. Our Agency Trading business is now in the top three, moving from 18th place in 2003 in the primary league tables. Additionally, our Agency CMO business is ranked in the top three for primary issuance.”

A hallmark of Barclays Capital’s fixed income business is its electronic trading platform. The firm is at the forefront of electronic trading and innovation because of its continued investment in technology.  According to Tradeweb, Barclays Capital’s Pass-Through franchise has become one of the top three dealers.

Mr. Parkhurst is the latest in a series of hires in recent weeks to Barclays Capital’s Fixed Income Trading Team in the US, including Stephen Callahan, Director, US Government Bond Trader, Mike Goldman, Director, USD Agency Trader and Stephen Cropper, USD Rates Options Trader.

About Barclays Capital
Barclays Capital is the investment banking division of Barclays Bank PLC which has an AA long-term credit rating and a balance sheet of over £1.2 trillion (US$2.4 trillion*). With a distinctive business model, Barclays Capital provides large corporate, government and institutional clients with solutions to their financing and risk management needs.  Barclays Capital has offices in 29 countries, employs over 16,200 people and has the global reach and distribution power to meet the needs of issuers and investors worldwide.
For further information about Barclays Capital, please visit our website www.barclayscapital.com.
*US$ figure was derived using the US$/£ exchange rate at 12.31.07 of US$2.00/£1

About Barclays
Barclays is a major global financial services provider engaged in retail and commercial banking, credit cards, investment banking, wealth management and investment management services, with an extensive international presence in Europe, the USA, Africa and Asia. With over 300 years of history and expertise in banking, Barclays operates in over 50 countries and employs 135,000 people.  Barclays moves, lends, invests and protects money for over 38 million customers and clients worldwide.  For further information about Barclays, please visit our website http://www.barclays.com.

##