AnaCap to acquire Barclays' French retail banking
December 12, 2016

AnaCap Financial Partners, a specialist European financial services private equity firm, has signed an agreement with Barclays plc to acquire its French retail banking operations including its branch network, life insurance business, wealth and investment management and brokerage operations. The deal is subject to regulatory approval.

This follows the completion of a consultation with employee representative bodies that began in May, when Barclays entered exclusive discussions with AnaCap.

At the same time, AnaCap has unveiled more detail on its plans for the business. Following and subject to completion, AnaCap funds will leverage Barclays' client base, network and relationship managers with a view to building the leading independent wealth manager in France.

Plans include the relaunch of the mortgage lending proposition to attract and retain clients, improving the digital proposition and online tools to create a better customer experience, enhancing the product offering and a complete re-platforming of the IT system to drive efficiency.





This site, like many others, uses small files called cookies to customize your experience. Cookies appear to be blocked on this browser. Please consider allowing cookies so that you can enjoy more content across globalcustody.net.

How do I enable cookies in my browser?

Internet Explorer
1. Click the Tools button (or press ALT and T on the keyboard), and then click Internet Options.
2. Click the Privacy tab
3. Move the slider away from 'Block all cookies' to a setting you're comfortable with.

Firefox
1. At the top of the Firefox window, click on the Tools menu and select Options...
2. Select the Privacy panel.
3. Set Firefox will: to Use custom settings for history.
4. Make sure Accept cookies from sites is selected.

Safari Browser
1. Click Safari icon in Menu Bar
2. Click Preferences (gear icon)
3. Click Security icon
4. Accept cookies: select Radio button "only from sites I visit"

Chrome
1. Click the menu icon to the right of the address bar (looks like 3 lines)
2. Click Settings
3. Click the "Show advanced settings" tab at the bottom
4. Click the "Content settings..." button in the Privacy section
5. At the top under Cookies make sure it is set to "Allow local data to be set (recommended)"

Opera
1. Click the red O button in the upper left hand corner
2. Select Settings -> Preferences
3. Select the Advanced Tab
4. Select Cookies in the list on the left side
5. Set it to "Accept cookies" or "Accept cookies only from the sites I visit"
6. Click OK

AnaCap Financial Partners, a specialist European financial services private equity firm, has signed an agreement with Barclays plc to acquire its French retail banking operations including its branch network, life insurance business, wealth and investment management and brokerage operations. The deal is subject to regulatory approval.

This follows the completion of a consultation with employee representative bodies that began in May, when Barclays entered exclusive discussions with AnaCap.

At the same time, AnaCap has unveiled more detail on its plans for the business. Following and subject to completion, AnaCap funds will leverage Barclays' client base, network and relationship managers with a view to building the leading independent wealth manager in France.

Plans include the relaunch of the mortgage lending proposition to attract and retain clients, improving the digital proposition and online tools to create a better customer experience, enhancing the product offering and a complete re-platforming of the IT system to drive efficiency.



Free subscription - selected news and optional newsletter
Premium subscription
  • All latest news
  • Latest special reports
  • Your choice of newsletter timing and topics
Full-access magazine subscription
  • 7-year archive of news
  • All past special reports
  • Newsletter with your choice of timing and topics
  • Access to more content across the site

More on:  Asset management