On February 1 he will formally take responsibility for trading across commodities, emerging markets, equities, fixed income, foreign exchange, money markets and prime services in Asia Pacific, reporting to locally Robert Morrice, Asia-Pacific chairman and chief executive, and functionally to Jerry del Missier, co-president of Barclays Capital.
ôThe development of our rates product platform will be key to our continued success in the region,ö says Morrice. ôAsia contains the fastest growing economies in the world. Developing and building our business across this diverse region is therefore fundamental to the global growth plans of the firm.ö
Ritossa will also join the Barclays Capital Asia-Pacific executive committee and retains his responsibility to oversee the development of Absa Capital, the bankÆs South African investment banking unit.
Ritossa will replace David Shannon, who has left Barclays to take up a job in the fund management industry.
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