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Global Management Forum 2019

Barclays CEO says 'it's time' to reinvest in Asia after retreat

Head of UK bank says tech IPOs need to be assessed 'honestly'

Barclays Group CEO Jes Staley offers his views on Brexit and other matters on the sidelines of the Nikkei Global Management Forum. (Photo by Manami Yamada)

TOKYO -- Barclays "wants to grow in Asia" after shoring up its finances, CEO Jes Staley said, in a sign of confidence despite uncertainty over the impact of Brexit and global interest rate policies.

"If you are a universal bank, you must appreciate the economy of Japan, China and India," Staley said in an interview during the Nikkei Global Management Forum. "Now that we have stabilized Barclays and regained an acceptable level of profitability ... it's time to think about investing to grow the bank, as opposed to restructuring the bank. That is the new phase that we're in now."

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