Barrenjoey Opens Fixed Income Trading Unit in Abu Dhabi

Barrenjoey Opens Fixed Income Trading Unit in Abu Dhabi

Australian investment bank Barrenjoey has begun offering fixed income sales and trading services in Abu Dhabi as it continues its expansion with its first overseas office.

Barrenjoey said on Monday that it had begun to offer these services in the Abu Dhabi Global Markets, or ADGM, an economic free zone on an island within the capital of the United Arab Emirates.

“The regulatory environment is comparable to Australia, which has enabled us to establish operations in a relatively short timeframe,” said Jacqui Byrnes, fixed income chief operating officer in Sydney.

This will allow the Sydney-based firm to provide extended coverage during European and US trading hours, it said in a statement. It currently has about 10 people in Abu Dhabi.

Also read: Indian Election And The Inclusion of Its Debt

Barrenjoey officially launched in 2020 with capital and funding support from foundation investors, Magellan and Barclays. It now has a staff of more than 350 across offices including Sydney, Melbourne and Perth.

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Brenton Gibbs
Editorial and Social Media Manager
Brenton is the editorial and social media director of Fixed Income News Australia and responsible for the editorial content development and social media presence of the site. He has written widely across a number of industry platforms including property, tourism, business and education. He is a director and co-founder of communications, content and creative agency RGC Media & Mktng and editorial contributor to MBA News Australia.