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Barclays appoints new head of structured trading in Sydney

British bank Barclays has named ex-Citi group banker Richard Connell as the new director and head of structured rates trading in Sydney, Australia, in order to boost the business.

Connell, who was head of G10 interest rate derivatives trading at Citi, left the bank in late 2012, according to an internal memo obtained by Deal Journal Australia.

Reporting to Anthony Robson, Barclays head of Australian fixed income trading, he will oversee the bank’s inflation-related trading business to clients in the continent and offshore.

During the first quarter of 2013, M&A volume summed up to $85.3bn in the Asia Pacific region excluding Japan, according to a report by Dealogic.

Operating in more than 50 nations, Barclays employs nearly 140,000 people and delivers personal banking, credit cards, corporate and investment banking and wealth and investment management services.