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Barclays nabs $20 billion in hedge fund business from beleaguered Deutsche Bank

July 25, 2019


Barclays is proving to be one of the early winners from the woes of German rival Deutsche Bank.

The British bank, run by ex-J.P. Morgan executive Jes Staley, has persuaded hedge fund clients with $20 billion in balances at Deutsche Bank to move to Barclays, according to people with knowledge of the situation. Half of that amount is from a single client, the people said.

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