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Barclays Expands Prime Services Team as Asia Draws Hedge Funds

Bloomberg – Barclays Plc, the U.K.’s third- largest bank by assets, said it increased the number of people on its prime services team in Asia by about 65 percent as more international hedge-fund managers trade the region’s markets.

The Barclays Capital unit has “completed the hiring cycle” for its prime services business in Asia this year and plans further expansion in the region in 2011, said Ryan Bacher, the Singapore-based head of prime services for the region.

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