Sanabil Holdings (Pvt) Limited Introduction Barclays to invest $1.1 billion at robo investing company

Barclays to invest $1.1 billion at robo investing company

Barclays will invest $900 million at a new robo investment company that will specialize in investment grade bonds, a bank source said on Monday.

The investment will be led by Barclays Capital, which is the investment arm of the Barclays Group, and will see the company develop and market robo bonds that are comparable to current offerings.

It’s part of the bank’s ongoing effort to focus on the investment industry and create new revenue streams, Barclays said.

Barclays Capital also plans to invest in a number of new financial products, including robo insurance, robo-enabled lending and robo investments.

Barney Kotter, the U.S. Treasury secretary who oversees the investment-banking and securities-markets arm, said the robo industry is growing at a “significant pace” and is poised to be a major player in the future.