Barclays in Cyprus · with Barclays in Cyprus for over ten years. We particularly value the service...
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Transcript of Barclays in Cyprus · with Barclays in Cyprus for over ten years. We particularly value the service...
Barclays in Cyprus
Local presence – worldwide expertise
Contents
Welcome 3
Building wealth 5
Expertise across the board 6
Our wisdom is your support 9
Integrated solutions for all your banking needs 10
Part of a global team 14
3
Welcome
Here in Cyprus, we are dedicated to helping every one of our clients to achieve their financial goals.
We aim to help institutions and intermediaries grow and
protect the wealth of their clients, using our collective
wisdom to provide the right solutions for each one of our
clients. We achieve this by building strong relationships,
based on trust and a hard-won reputation for outstanding
service and attention to detail.
Our greatest strength is the range of solutions we can offer
– from day-to-day banking, investments, offshore accounts
and corporate finance, to ways to make international trading
easier and more secure, including online banking and
real-time foreign exchange (FX) dealing.
Whether you are an international trading company; an
intermediary managing private wealth; a major multi-
national or international shipping company managing
money across multiple jurisdictions, my team is constantly
seeking new opportunities to help. If you are looking for
innovative international banking solutions, Barclays may be
able to help you too.
I hope you find our services of interest. If you feel you could
benefit from our wealth of knowledge, then please call and
let us do the rest.
Evan Gavas
Country Director, Cyprus
“We have had good working relationships with Barclays in Cyprus for over ten years. We particularly value the service of our Relationship Manager, Maria Evgeniou, with whom we have direct dial and mobile telephone access. Barclays deal with our requirements in a helpful and efficient manner.” Abacus
“We have had a positive working relationship with Barclays Cyprus for over 10 Years. We value their high standard of service and constructive cooperation to meet our clients’ requirements.” IFG Cyprus
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5
Building wealth
Barclays is a major global financial services provider engaged in retail and commercial banking, investment banking, and wealth management services with an extensive international presence in Europe, the Americas, Africa and Asia.
With over 300 years of history and expertise in banking,
Barclays operates in over 50 countries and employs over
147,000 people. Barclays moves, lends, invests and protects
money for over 49 million customers and clients worldwide.
Wealth and Investment Management is a division of
Barclays and provides intermediary and corporate banking,
private banking, investment management, fiduciary services
and brokerage.
World banking within your reachAs part of one of the largest financial service providers in
the world, we combine local expertise with international
reach, allowing us to offer a seamless service to our clients
all over the world.
Our experienced professionals use their collective wisdom
to provide wealth management services and some of the
top third-party fund managers from across the market, as
well as access to the strength and capability of the entire
Barclays Group, including Corporate Banking, Investment
Banking, Private Banking and Barclaycard.
Expertise across the board
Barclays Wealth and Investment Management operates in over 20 countries globally and has £172bn in assets under management*. Our knowledge and expertise have been developed over many years managing a large number of intermediary clients in offshore locations.
We recognise that many of you, and your clients, need to
make international transactions quickly and easily, which is
why we offer multi-jurisdictional banking with the same
level of excellence throughout the world. This means that
opening an account with us is equally simple in London or,
Gibraltar and you or your clients will receive the same
outstanding service regardless of where you bank.
Our experts are based in key international jurisdictions,
each one recognised by the international financial
community as a centre of excellence, and each available
to you through Barclays.
Because we offer access to multiple jurisdictions, you can
operate across any of the seven offshore financial centres
that make up our business.
These jurisdictions include:
• Cyprus
• Gibraltar
• Guernsey
• Isle of Man
• Jersey
• London
• Switzerland
In addition Barclays has a presence in over 50 countries and
therefore we can provide our clients with unparalleled
access to one of the most extensive banking networks in
the world.
6
*Based on Q1 2012 results
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9
Our wisdom is your support
With a presence in Cyprus for over 70 years, Barclays has extensive knowledge of both the local and international market. The team comprises highly experienced finance professionals with a comprehensive background in corporate banking, investing, international trade and offshore financial markets.
As our client, you will benefit from access to a dedicated
Relationship Manager. This fully qualified and highly trained
professional will have a clear understanding of both local and
global markets, gained from experience in a number of
jurisdictions. They will work alongside you to build up a
detailed understanding of your business needs before
recommending how we can best tailor our products and
services to match your requirements.
Just as importantly, they will connect you to the wider range
of financial support and expertise available from the whole
Barclays Group, including access to our colleagues in
Corporate Banking, Investment Banking and Private
Banking.
You will also be supported by a dedicated Account
Executive, in addition to being able to contact our Customer
Service and Support Team should you need to.
As a business centre, Cyprus offers many key benefits.
A member of the British Commonwealth and part of the EU,
Cyprus benefits from a robust commercial and financial
infrastructure. Cyprus has a highly favourable tax regime
and an extensive network of double tax treaties with 40
other countries. Its laws are modelled on the UK tax system
and is fully compliant with the acquis of the EU. This is
unusual for an international offshore financial centre and
makes Cyprus a highly advantageous location for holding
and investment companies trading across Eastern Europe,
the Middle East, Africa and India.
Local and international supportOver the years, we have developed significant relationships
with a wide range of corporate clients. Our local team
understands the specific needs of corporate service
providers and international trading companies, including:
• Trust companies
• Fiduciaries
• Independent asset managers
• Offshore financial institutions
• International ship management companies
• Family offices
Integrated solutions for all your banking needs
Our team in Cyprus is dedicated to helping you achieve your financial goals. We will connect you to the wider range of support and expertise available across the global Barclays Group and provide you with a consistently high level of service.
Whatever your banking requirements, we have the people
and the tools to support you. As well as straightforward
current accounts, you will also have access to our corporate
internet banking solution, our online foreign exchange
service and our investment management services. The
diagram below outlines the products and services available
to you through Barclays.
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Banking & CreditTreasury and FX
Sales-Trading Cash Management
and Trade
Current Accounts
Deposit Accounts
Spot Exchange
International credit balance aggregation
Electronic payments
Treasury DepositsInternet banking
Hedging solutions
Investments
Investment funds
Fiduciary deposits
Discretionary Asset Management
Customised portfolios
Structured products
Bulk file payments
Liquidity concentration
Telephone Banking
Cards Guarantees
Brokerage
SWIFT solution
Letters of Credit
Overdrafts
Loans
11
BankingAccount opening
We understand that simple and efficient account opening is
key. To avoid unnecessary delays, our highly knowledgeable
team has experience of opening accounts and making
transactions in all major currencies and a wide range of
jurisdictions around the world, backed by thorough due
diligence.
Internet banking
Our online banking system gives you the means to access,
monitor and move funds throughout Europe and many
jurisdictions around the world.
Our online banking service was purpose-built for international
trading companies and wealth intermediaries and provides
you with direct access to, and operation of, your own bank
accounts or those of your clients. Management information
software makes record keeping easy, as online reports and
statements can be automatically reconciled with your own
accounting systems.
Our specialist managers can also advise you on other
relevant e-banking solutions.
CreditFinancing1
You can access a comprehensive range of liquidity
solutions including business overdrafts, commercial and
residential property mortgages, and local credit
administration. Funds are available for short-term working
capital and longer-term asset purchase, structured to take
advantage of any financial planning opportunities.
Lending1
If your company requires additional capital, we offer a
number of solutions to help you manage your cash flow
without disrupting your long-term plans. We offer flexibility
in terms of structure, terms and repayment. Our services
include wealth management within your company’s wealth
structures, specialist solutions for aircraft and marine
finance2, and mortgage finance for both residential and
commercial property.
Cash managementCurrent accounts
We offer convenient and flexible business current accounts
in the world’s major currencies, all backed by a global
infrastructure that allows you to collect and make payments
quickly and easily. Telephone banking is also available.
Deposit accounts
Barclays offers a number of competitive products that allow
you to invest surplus funds over the short and long-term.
Payments
Integrated solutions for payments, collections, account
reconciliation and cash management are available across
a range of channels, including third-party service providers.
Electronic payments and credit and debit cards1 are
also available to make your banking faster, easier and
more efficient.
International payments
Our service provides a flexible and reliable means of sending
funds overseas quickly and securely. Payments are sent
using electronic bank-to-bank transfer and can be made in
all major currencies.
Liquidity funds
Pooled funds offer one of the most efficient and sophisticated
ways to manage cash. They allow you to benefit from a wide
range of issuers and asset types within agreed credit and
liquidity limits. You can also benefit from the increased
potential returns of longer maturity assets.
For example, our Premium Share Class is designed to
accommodate the treasury requirements of international
companies and institutions, and to deliver improved returns
without compromising liquidity.
Barclays International Client Monies Scheme
Holding clients’ monies in individual accounts can now be
simpler and less time-consuming. This scheme offers easy,
efficient aggregated account management that can provide
higher rates of interest for both your business and any
sub-accounts.
1Subject to application and status.2Security may be required.
TradeTrade services
When trading across borders and time zones, we can advise
on the most appropriate solution to ensure a successful
deal for both parties. A wide range of products are available,
from import and export letters of credit to collections
and guarantees.
International ship management
To support businesses involved in ship management, our
banking centres in Cyprus and Gibraltar have developed
expertise in providing financial solutions for crewing and
vessel management. Our specialist Relationship Managers
can help your company choose from the wide range of
products and services across the Barclays Group, including
multi-currency banking and payroll services.
Foreign exchange and treasuryBarclays provides a specialist service that offers you
tailored foreign exchange solutions. Choose from our
multi-currency, spot exchange or forward exchange
solutions depending on your requirements.
As our client you also have access to a range of brokerage
products such as equities, bonds and fixed income, as well
as structured notes and commodity linked structures.
InvestmentsWealth management
Discover investment solutions that match your risk
preferences, or the risk preferences of your clients, from
specialised investment packages to fully-bespoke portfolios.
Choose from two service options, depending on the level of
interaction, guidance and support you need.
One-off advice: ideal for those requiring short-term advice
on investment or portfolio ideas.
Bespoke structuring: useful for clients seeking a tailored
approach to products or portfolios. Provides a range of
risk-profiled solutions, managed investments and bespoke
packages. An execution-only, advisory or discretionary
service.
We offer investment solutions designed to maximise returns for a given level of risk:
• Discretionary portfolios: invest in a wide range of assets
with a portfolio tailored to meet your client’s needs or
choose a custom portfolio for investments over
£10 million and benefit from a personalised buy list.
• Cost-effective funds: choose Global Beta for low-cost
index-tracking, Multi-Manager for access to the world’s
leading investment managers or Global Access for single
asset class funds.
Our on-the-ground team has impressive levels of
knowledge and experience across all asset classes and
industry sectors, and can offer you expert guidance, as well
as access to institutional services.
12
Our dedication to flexibility and innovation allows us to
secure new and tactical opportunities for improved returns
within your investment strategy.1 We regularly evaluate and
adapt investment strategies, structures and products. Our
aim is to capture new opportunities and achieve optimum
returns within each client’s risk framework.
Investing with us will allow you to benefit from:
• A proactive, tailored service
• The expertise of your investment management team
• Regular valuations and performance updates
• As much control over your investments as you want
• All the advantages of a well-diversified portfolio
Corporate jet, superyacht and marine financeUnlike many other wealth managers, we are able to provide
dedicated corporate jet, superyacht and marine finance for
individuals and corporate clients. Our specialist teams have
experience and expertise to take care of every detail, every
step of the way within the Barclays Group.
13
1 The value of your investments and the income from them may fall as well as rise. Past performance of investments is no guide to future performance. You may not get back the amount of capital you invest.
14
Part of a global team
Wealth and Investment Management is backed by the resources of the Barclays Group, and can draw on hundreds of years of experience in international banking and wealth management.
Barclays PLCOur parent company has the integrity conferred by a history
expertise in banking, Barclays operates in over 50 countries
and employs over 147,000 people. Barclays is one of the
largest global banks, trusted by over 49 million customers
and clients worldwide.
Investment BankingA division of Barclays PLC, Investment Banking has a
distinctive business model which provides large corporate,
government and institutional clients with a full spectrum of
solutions to meet their strategic advisory, financing and risk
management needs. Investment Banking has offices around
the world, employs 20,000 people and has a global reach,
advisory services and distribution power to meet the needs
of issuers and investors worldwide.
Private BankingPrivate Banking offers outstanding personal service and
world-class expertise to help clients manage, protect and
grow their assets. Our specialist advisers offer independent,
professional advice and access to institutional-quality
products.
Our presence in your businessWhatever your business and personal finances may involve,
you can benefit greatly from having a banking partner who
is on your side, providing guidance across the full range of
your requirements.
Next stepTo find out more, contact us at:
Barclays Bank PLC
2nd and 3rd Floors
88 Dighenis Akritas Avenue
Nicosia 1644
Cyprus
Telephone: +357 22654400
Email: [email protected]
Barclays Bank PLC
Cnr Koumandarias and Spyrou Araouzou
Tonia Court 2, 1st Floor, Office 1C
Limassol 3036
Cyprus
Telephone: +357 25208000
Fax: +357 25355412
Email: [email protected]
www.barclays.com/wealth
Barclays offers banking, wealth and investment management products and services to its clients through Barclays Bank PLC and its subsidiaries. Barclays Bank PLC is registered in England and is authorised and regulated by the Financial Services Authority. Registered No. 1026167. Registered Office: 1 Churchill Place, London E14 5HP. Barclays Bank PLC is authorised by the Central Bank of Cyprus to conduct banking and investment business.
Item Ref: PP353. November 2012