Barclays Asset Management Limited (BAML), a wholly owned subsidiary of Barclays Bank UK PLC, regulated by the Financial Conduct Authority. It acts as the Authorised Corporate Director/ Authorised Unit Trust Manager/ Authorised Investment Fund Manager/ Management Company to a range of funds domiciled in the UK, Luxembourg and Ireland (the Funds). BAML resigned as ManCo to the Luxemburg and Dublin funds during 2019.
The responsibilities of BAML can be summarised as the oversight of investment management, product management, risk management, fund administration, distribution, and day-to-day management of affairs for the Funds.
BAML does not employ staff directly, rather, BAML discharges its duties by appointing a number of service providers – both external, e.g. Northern Trust is appointed as fund administrator and depositary and internally, e.g. Barclays Bank UK PLC is appointed as investment manager. The BAML Board retains oversight responsibility for these operational activities (Board composition: 5 FTE).
Barclays Investment Solutions Limited (BISL) is the subsidiary of Barclays Bank UK PLC that undertakes a range of investment activities and services, including the acting as the day-to-day investment manager for the Funds of BAML. Therefore, the information included in this response mostly relates to Barclays Investment Solutions Limited, who in practice are responsible for BAML's investment activities.
Barclays Bank UK PLC considers environmental, social and corporate governance factors as part of its investment management responsibilities and investment process. Some of the responses to the TCFD modules are addressed at this Barclays Bank level.