A consortium of investing banks to acquire a 20% stake in post trade solutions business from LSEG for £170m.

A consortium of investing banks comprising Bank of America, Barclays, BNP Paribas, Citi, Deutsche Bank, HSBC, JP Morgan, Morgan Stanley, Nomura, Societe Generale, and UBS, agreed to acquire a 20% stake in post trade solutions from LSEG, a British-based stock exchange and financial information company, for £170m. “Barclays is pleased to continue to support the evolution of market infrastructure through our investment in Post Trade Solutions. We are keen to develop innovative solutions that drive material capital and operational efficiencies for the industry, and are confident this investment will help support that ambition,” Stephen Dainton, Barclays President and Head of Investment Bank Management.