Barclays Corporate today announces the appointment of Maurice Cleaves as Managing Director and Global Head of Cash Management effective January 2011.
Cleaves will be responsible for building Barclays Corporate's proposition globally, specifically targeting pan-European opportunities with a view to doubling the size of the business. He will report to John Kelting, Head of Products.
He joins from Deutsche Bank, where for the past four years he was responsible for the EMEA region cash management product organisation. Prior to Deutsche, he forged a successful 26 year career at JP Morgan Chase and predecessor organisations, holding positions in operations, product and business management, sales, product development, and risk management within the cash management, securities clearance and corporate trust businesses. Additionally, he has been a Director of SWIFT UK, CHAPS, APACS and the UK Payments Council.
Maurice Cleaves said: "It is an exciting time to be in our business and Barclays Corporate is well positioned to be a major player in this field. I am looking forward to the new challenges this opportunity presents and delivering on Barclays Corporate's global growth plans.
John Kelting said: "Maurice's impressive track record positions him well to achieve our goals and ensure we realise the significant revenue opportunities in this important business area for Barclays Corporate".