What is the Barclays Golf Tournament?

The Relationship Between the Golf Tournament and the Banking Giant

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The Barclays Golf Tournament began as the Westchester Classic in 1967, in Rye, New York. This prestigious golf tournament had a variety of sponsors until the first Barclays classic in 2005. Two years later, the Barclays golf tournament, in its current form, was established as the first playoff event in the FedEx Cup by Barclays PLC. Every year, the biggest names in golf, such as Tiger Woods and Phil Mickelson, play the Barclays Golf Tournament, which provides insurance that the FedEx cup competition will account for more and more golf fans each year. According to Robert E. Diamond, President of Barclays PLC, "Barclays is already one of the most distinguished names in the world of finance - we now intend to earn the same reputation in professional golf as we build on the tremendous success of 2009's tournament."

Barclays Bank PLC, registered in England, and headquartered in London, is one of the world's major bank and wealth management companies. Having existed for over 300 years, Barclays PLC operates one of the world's oldest banking companies with over 147,000 employees. Over 48 million customers have accounts with Barclays PLC. Barclays PLC has two major operating units-Global Retail Banking, and Corporate & Investment Banking and Wealth Management. The Corporate & Investing Banking and Wealth Management branch accounts for Barclays corporate customers, and capital and wealth management banking business, while the Global Retail Banking concentrates on retail banking in the United Kingdom, Western Europe, and Africa, as well as managing credit card accounts for over 20 million Barclays banking customers.

Year after year, the Barclays Golf Tournament brings more and more interested viewers. Its burgeoning relationship with Barclays PLC's banking business ensures more banking and mortgage customers for years to come.

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  • Mike 8/28/2010

    HowdoesBobDiamondjustifyhiscommentsduringthetournamentthattheeconomyisimproving?Assomeonewhohasbeenlaidoffforthepastsixmonths.itlooksliketheonlythingthatsimprovingisBobssalary.

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