Karan Bhagat Barclays Corporate's new India MD

"Karan will play a crucial role in spearheading the growth of Barclays Corporate's business in India and in building stronger synergies with Barclays Capital and Barclays Wealth in the country," Barclays Corporate Asia and UAE Managing Director Mark Jones said in a statement here.

Karan joined Barclays in 1990 under its management development programme and has worked in a variety of roles within the corporate and investment banking divisions.
Most recently, he was Co-Head of the Risk Solutions Group for EMEA within the investment banking division of Barclays Capital, based in London.

In India, Barclays Corporate primarily targets the commercial banking needs of larger local corporates and the local operations of multinationals, working closely with Barclays Capital and Barclays Wealth. The retail strategy in India, developed in close collaboration with Barclays Global Retail Banking, targets the needs of the fast-growing affluent consumer banking customer segment in India, the statement said.

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