Barclays Group has introduced a new platform for the administration of its global equity and long-term incentive plans (L-tips).
The banking group’s discretionary share plans, which have more than 8,500 participants, will be administered by Barclays Corporate and Employer Solutions (C&ES).
Barclays C&ES has formed an agreement with administrator Solium Capital to create a version of its Solium Shareworks platform, which will form part of Barclays C&ES’s global stock and reward offering for employers.
Richard Phelps, head of Barclays C&ES, said: “Barclays Group’s global equity plans are large and complex, and we are delighted to now be Barclays’ administrator of choice.”