Barclays names new CIO at The Outsourcing Weblog

Dominic Trotta has been named Barclays new chief information officer. Trotta fills in the position that interim CIO Mike Foley will leave as he becomes Barclay's chief administrative officer. Barclays' chief operating officer Paul Idzik, said, "We have tremendous confidence that he will drive our technology organization to the next level. He is a world class executive, and we are delighted to welcome him to Barclays." Trotta was previously employed in [...] Read More


Outsourcing: What it Means to Outsourcing Employees at The Outsourcing Weblog

People who are now working with call centers or other types of BPO-related business are the ones who are currently reaping the advantage of outsourcing. Before, these people were unsure of their future because their country's economy was not stable thus causing them to fear their stability over their work. Aside from that, fresh graduates from these countries also believed that they have no future because of the lack of [...] Read More


Unilever Signs 7 Year Contract with IBM for financial transactional services outsourcing at The Outsourcing Weblog

Unilever has signed a seven-year contract to outsource key parts of its financial transactional services to IBM. Under the agreement, IBM will provide financial services such as Purchase to Pay, General Accounting and Bill to Cash. These services will be delivered from IBM centers in Portugal, Poland and India. The outsourcing deal covers over 20 European countries and will be implemented over two years beginning 2006. Cost savings from this [...] Read More


Lehman Excel snafu hits Barclays at Sox First

How did Barclays end up with Lehman Brothers contracts that it never meant to buy? Blame it on a formatting error involving an Excel spreadsheet.In a fascinating case, reported by The Register, Barclays intended buying the good bits of what was left of Lehman but a badly put together Excel spreadsheet, the work of a junior law associate, saw Barclays pick up some trading contracts it would never have wanted. [...] Read More


Barclays in Dubai at The Hedge Funds Weblog

In a HedgeCo story this morning I wrote about Barclays Global Investors (BGI) and the opening of an office in the United Arab Emirates' Dubai International Finance Centre. BGI has been active in the region since 1998 and currently has assets under management of US$ 28 billion in area. "The new office is a strategic development for BGI's Middle Eastern business relationships." David Semaya, Chief Executive, Barclays Global Investors Europe & Asia, [...] Read More