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Barclays CEO Looks to Develop Mortgage Finance Market

CNBC.com
Friday, 26 Jan 2007 | 3:50 AM ET

Bob Diamond, CEO of Barclays Capital, is looking towards the U.K. and European mortgage finance market as a key growth area.

“We’ve very interested in real-estate finance in the U.K. and Europe. They’re in the very early stages of growth and we see a lot of the signs of the development. It’s one of the most exciting growth areas of our business,” Diamond said, speaking to "Squawk Box Europe” at the World Economic Forum in Davos, Switzerland.

Diamond also noted the development of the derivatives market as a focus for the company.

Developing Mortgage Finance
Real estate financing is in the very early stages of a growth cycle and is one of the areas Barclays Capital is focusing on, according to chief executive Bob Diamond. CNBC's Steve Sedgwick reports.

“The derivatives markets continue to grow, we think this is a very good thing," he said. "If we do risk-management business with our clients around the world it’s very important that we work with them in derivatives to provide solutions for all the risks they have in currencies and commodities."

Speaking more generally about the global economy, Diamond said “we’re coming into the fifth year of very strong global growth, but all of us have our risk antenna up a little bit more this year, probably because we’re in the fifth year of this growth."

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