Barclays Europe (Barclays Bank Ireland) has begun the formal steps required to move its legal headquarters from Dublin to Paris.
The decision comes after a thorough internal review of its European operations.
The bank indicated that its presence in Continental Europe has expanded and now plays a larger role within the wider group.
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Relocating the European headquarters is intended to place key decision-making functions closer to the hub of its Investment Banking activities in the region.
Barclays confirmed that it will continue to operate corporate banking and private bank services in Ireland.
The bank plans to keep a team in Dublin focused on serving clients and managing operations locally.
As part of the transition, Barclays Europe will seek regulatory permission to become a “Societas Europaea” (SE), a form of public company registered under EU law.
Once approved and implemented, the organisation will be renamed “Barclays Europe SE” (BE SE).
The conversion into an SE is scheduled for completion by the end of 2026, with the office move to Paris expected in the first half of 2027, pending regulatory consent.
This staged approach is intended to ensure Barclays Europe continues to serve clients across Europe without interruption during and after the change.
Barclays Europe CEO Francesco Ceccato said: “Taking formal steps to relocate our European Headquarters to Paris is a strategic milestone that will enhance our ability to serve clients across Continental Europe while reinforcing our commitment to strong governance.
“After extensive discussions at all levels of the organisation, we are confident this is the right step forward – both for the entity and for our clients. We are very excited about the opportunities ahead.”
Last October, Barclays announced an agreement to acquire Best Egg, a US-based personal lending platform, for $800m.
That transaction will be handled through Barclays’ US arm, Barclays Bank Delaware (operating as Barclays US Consumer Bank).
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