Barclays moves investment bank into its London headquarters

A Barclays bank building may be seen in London’s Canary Wharf. 17th of May, 2017. Stefan Wermuth/Stefan Wermuth/Stefan Wermuth/Stefan Wermuth/Stefan Wermuth/Stefan (Reuters) – LONDON, June 30 (Reuters) – On Wednesday, Barclays (BARC.L) announced that its investment bank workforce in London will be relocated to its adjacent headquarters, reducing office space in the Canary Wharf financial district. The investment bank will leave 5 North Colonnade by the end of 2022, and the firm aims to restore its 32-story One Churchill Place skyscraper. As banks around the world cut back on real estate amid a trend to more home working during the COVID-19 pandemic, Barclays said the decision was part of a long-term review of its property footprint. The bank has been transitioning from scattered sites across the countries where it operates to a ‘campus’ model of combining operations in one location in recent years. In Whippany, New Jersey, in 2018, Barclays developed such an office complex, bringing together operations and technology workers from around the Americas. Campuses are also located in Glasgow, Scotland, and Pune, India. Lawrence White contributed reporting, while Dhara Ranasinghe and Alexander Smith edited the piece. The Thomson Reuters Trust Principles are our standards. Continue reading