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Barclays Capital appoints Abdellah Sbai as Head of Aircraft Finance

, le 9 Octobre 2006

Barclays Capital appoints Abdellah Sbai as Head of Aircraft Finance

Barclays Capital, the investment banking division of Barclays Bank PLC, today announced the appointment of Abdellah Sbai as Director and Head of Aircraft Finance. Sbai will be based in London and will report to Michael Raynes, Director and Head of Structured Trade and Export Finance.

In his new role, Sbai will be responsible for further developing the aircraft financing business of Barclays Capital which will primarily focus on structuring and executing debt and risk management products.

Sbai joins Barclays Capital from Airbus, where he held a number of senior positions since joining the company as a senior analyst in 1990. Most recently, he was Vice President, Sales, for Northern Africa and the Middle East. During his tenure in this role he made a significant contribution to the growth of Airbus' commercial operation in the Middle East.

Commenting on the appointment, Michael Raynes said: "Abdellah brings strong relationships and a wealth of knowledge of the aircraft industry. He will play a key role in expanding our aircraft business." Sbai graduated as an engineer from the Ecole Nationale Superieure de l'Aeronautique et de l'Espace, in Toulouse (France), where he also gained a PhD in Aerodynamics.

For further information, please contact: Nerys Williams, Barclays Capital Communications + 44 (0)20 7773 4324

About Barclays Capital

Barclays Capital is the investment banking division of Barclays Bank PLC which has an AA long-term credit rating and a balance sheet of over £986 billion. With a distinctive business model, Barclays Capital provides large corporate, government and institutional clients with solutions to their financing and risk management needs. Barclays Capital has offices in 26 countries, employs over 10,500 people and has the global reach and distribution power to meet the needs of issuers and investors worldwide.

In November 2005, Financial News magazine awarded Barclays Capital 'European Investment Bank of the Year' in its annual Awards for Excellence. In addition, Barclays Capital ranked No. 1 for Capital Raising in Euromoney's 2005 Capital Raising Survey. For further information about Barclays Capital, please visit our website

Barclays Capital - the investment banking division of Barclays Bank PLC. Registered in England 1026167. Registered office 1 Churchill Place, London, E14 5HP. Authorised and regulated by the Financial Services Authority and a member of the London Stock Exchange.

Mr Sbai began his career in 1988 at Royal Air Maroc as Management Assistant. He joined Airbus in 1990, as a Senior Analyst in marketing. He was promoted as Area Sales Director at the end of 1993. Abdellah Sbai was born in Fez, Morocco, in 1959

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