Pictured: Nigel Bailey

Barclays Corporate is increasing its support of the subsidiaries of multinational corporates with the introduction of local relationship directors responsible for the multinational corporate (MNC) segment in key regions across the UK.

Each region will now have a locally-based MNC relationship director working closely with the central UK MNC team to establish and strengthen relationships with these businesses, providing on the ground banking support for some of the UK's largest employers.

Nigel Bailey who looks after West Midlands and surrounding areas with responsibility for Barclays Corporate's relationships in the Manufacturing sector will also take on the new local MNC role.

Wyatt Crowell, Managing Director, UK & Ireland Coverage and MNC, said: "Growing our Multinational Corporate franchise is a key pillar of our long term corporate banking strategy. We are seeking to bring an increasing level of consistency in how we join up and run our MNC business internationally while strengthening our partnerships with regional business communities throughout the UK."

Nigel Bailey, Relationship Director based at Snowhill Birmingham said: "A key priority for Barclays Corporate is delivering a full international banking service to our clients. Barclays Corporate wants to do more business with the international subsidiaries of its global clients and a local understanding of a global organisation is a very good place to start." 

Barclays has an extensive global presence, operating in more than 50 countries and employing more than 147,000 people to meet the financial needs of more than 48 million customers and clients worldwide.