Barclays US Consumer Bank has announced several strategic investments to enhance its operations in Delaware and foster growth across the United States. The bank plans to hire hundreds of new employees in Wilmington, unveiling its newly acquired and refurbished headquarters, and making a significant donation to Delaware State University.
Denny Nealon, CEO of Barclays US Consumer Bank, stated, "We've demonstrated a strong track record of growth in the past 20 years from our anchor in Wilmington, expanding from a small startup to the ninth largest card issuer in the United States." He emphasized the importance of strengthening relationships with colleagues and partners in Delaware as the bank continues to innovate.
To achieve its growth objectives, Barclays intends to hire 1,000 new employees nationwide over the next 18 months. This includes more than 300 positions based in Wilmington. A ribbon-cutting ceremony was held at their newly acquired building at 125 South West Street near the Wilmington Riverfront. The building features a Partner Center for collaborative meetings, health and wellness-focused areas for colleagues, a tech bar for IT support, open workspaces, an updated cafeteria dining area, and upgraded technology infrastructure.
Nealon commented on these developments by saying, "We've created a modern, world-class environment featuring a variety of new amenities designed to help our colleagues do their best work in support of our partners, customers and community."
In addition to these initiatives, Barclays announced a $1 million donation to support Delaware State University's Global Institute for Equity, Inclusion and Civil Rights. Dr. Tony Allen, President of Delaware State University remarked on this contribution: "This donation will help us address systemic issues plaguing our society," acknowledging Barclays' decade-long support which has significantly impacted their mission.
Barclays has been active with other major transactions recently including renewing its partnership with JetBlue; planning an acquisition of Gap Inc.'s $4 billion credit card portfolio; partnering with Amount to enter the buy now pay later space; and launching co-branded credit cards for AARP members earlier this year.