Harry Harrison, His Time At Barclays Non-Core, And His CareerOctober 13, 2018 - Author: steph - No Comments
Working in banking is difficult. After all, its employees are paid so well for a reason: because finding ideal candidates for positions in the banking field is so difficult. The field requires disciplined people who can keep their composure, maintain a positive outward image, effectively assimilate into new office cultures, and readily get along with their peers.
Harry Harrison is a businessperson who most recently worked for Barclays Non-Core. If you don’t know what Barclays is, it’s a multinational banking institution that held just under $1.5 trillion in assets at the end of fiscal year 2017 and generated $27.4 billion in revenues in the fiscal year spanning 2016 to 2017.
What was Barclays Non-Core?
Barclays Non-Core was a subsidiary of Barclays that dealt with risk-weighted assets. It was created in 2014 and closed in 2017. Barclays Non-Core didn’t close because it failed to perform as well as expected or any other performance-related reasons. Rather, the subsidiary was designed by Barclays’ top-tier executives to wrap up its operations in 2017 and be dissolved that same year.
What is a risk-weighted asset?
According to Investopedia, risk-weighted assets are those designed to lower the risk of company-wide institutional failure. In other words, they hedge against risk.
Barclays executives rightfully felt that risk-weighted assets needed special guidance in order for the bank to take full advantage of them. That’s precisely why Barclays Non-Core was founded in 2014; the company needed astute, seasoned experts in the field of managing risk-weighted assets to maximize its profits and best hedge against potential risks that those instruments carried.
Here’s where Harry Harrison spent his earlier years
Mr. Harrison worked for the London-based Barclays Non-Core as its head executive from its 2014 inception through its scheduled 2017 closure. Prior to joining Non-Core, Harry Harrison worked for Barclays in various positions across a four-decade period.
Harry Harrison attended the University of Warwick immediately after completing secondary school, netting a bachelor’s degree in economics. Afterward, he went to the world-renowned University of Cambridge to earn a graduate certificate in finance.