Barclays Capital, the investment banking division of Barclays Bank, has established a new Swiss franc syndicate, sales and trading team in Zurich to provide Swiss franc bond issuance, Swiss franc sales and Swiss franc credit trading for its clients.

Barclays Capital said that this new capability will complement its existing credit business in Switzerland and enhance its ability to provide advice on currency and debt issuance for clients looking to access all areas of the capital markets for funding.

Kuno Kennel, head of distribution for Switzerland at Barclays Capital, is responsible for developing Barclays Capital’s domestic Swiss franc capital markets business and will oversee these operations from the firm’s Zurich office.

Mr Kennel will work with Bob Mabon, head of investment banking for Switzerland at Barclays Capital, and Andreas Glaus, director for investment banking for Switzerland at Barclays Capital, to introduce the firm’s Swiss franc bond capabilities to its clients.

Mr Kennel joined Barclays Capital in March from RBS, where he was country head for Switzerland, following the merger with ABN Amro. Previously he was at ABN Amro for over 10 years where he held a similar role, with responsibilities for building ABN Amro’s Swiss francs capital markets franchise in Switzerland.

In addition, Barclays Capital has appointed Martin Meili as head of Swiss franc syndicate, Reto Meyer as head of Swiss franc sales and Beda Emmenegger, as head of Swiss franc trading in Zurich.

Jonathan Brown, head of European credit syndicate at Barclays Capital in London, said: “Throughout its history Barclays Capital has had a great track record in developing world class built-to-last businesses, which are focused on our clients. Adding a Swiss franc capability to our leading global new issue business is a logical step, and one that we believe our issuer clients will be pleased to see.”