Andy Simmonds

In a move to drive forward Barclays Corporate Banking's European strategy, the bank has today, December 1, announced the appointments of André Teeuw, as its new Corporate Banking European Managing Director, and Andy Simmonds as his deputy.
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André Teeuw has been head of Barclays German operations since 1993, whilst Andy Simmonds was chief executive of the Barclays Group in Japan.
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Andy Simmonds joined the Barclays Group in 1977 and has worked in both corporate and investment banking for the Group in Asia and Japan.

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Andy Simmonds, Business Risk Director at Barclays in the United Kingdom, states, "We already have robust internal rating models for our UK portfolio, but without a credible external benchmark it's difficult to trade assets.The beauty of an external benchmark such as Moody's RiskCalc is that it can provide a common language for both buyers and sellers.RiskCalc will also give us a standard against which to test the performance of our internal models."Adds Steve Lent, Director of Corporate Credit Risk at Royal Bank of Scotland, "We have well established and effective internal ratings models for our UK private company business, but without a common market-accepted ratings model liquidity in secondary debt will remain limited.We are very pleased to be sponsoring RiskCalc and are keen to see how its development will help to provide a common currency for secondary debt markets across Europe."

Andy Simmonds, Business Risk Director at Barclays in the United Kingdom, states, "We already have robust internal rating models for our UK portfolio, but without a credible external benchmark it's difficult to trade assets.The beauty of an external benchmark such as Moody's RiskCalc is that it can provide a common language for both buyers and sellers.RiskCalc will also give us a standard against which to test the performance of our internal models."Adds Steve Lent, Director of Corporate Credit Risk at Royal Bank of Scotland, "We have well established and effective internal ratings models for our UK private company business, but without a common market-accepted ratings model liquidity in secondary debt will remain limited.We are very pleased to be sponsoring RiskCalc and are keen to see how its development will help to provide a common currency for secondary debt markets across Europe."