Barclays Capital aims to build global equity operation

Barclays Capital is making a push to rebuild its business. The U.K. bank is capitalizing on the economic downturn to recruit research analysts and traders and the equity platform it acquired through its takeover of parts of Lehman Bros. "We've been looking for the right opportunity to enter the cash-equity space in an efficient way for many years," said Dixit Joshi, the bank's head of Europe and Asia equities. "The acquisition of Lehman's U.S. business has given it to us in one fell swoop. We're looking to extend the U.S. platform and the franchise we've acquired into Europe and Asia."

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