Barclays, a transatlantic consumer and wholesale bank, has opened a new campus in Whippany, it announced Wednesday.
“We applaud Barclays’ commitment to innovation in New Jersey through its new world-class, 63-acre campus in Whippany, and also commend the company’s philanthropic and citizenship efforts,” said Gov. Phil Murphy. “These investments in New Jersey play an important role in strengthening our communities and enhancing the state’s economic competitiveness. In particular, we are excited about Barclays’ support for the launch of a Per Scholas program in Newark, which will provide tuition-free technology skills training for hundreds of people from the local community and support them into high-quality innovation economy jobs.”
The new campus will be a flagship site of Barclays’ global location strategy, which is designed to enhance the firm’s resilience through the establishment of regional campuses.
“This world-class campus will play a pivotal role in the execution of Barclays’ long-term strategic priorities, bringing teams together into new and vibrant working environments that accelerate innovation and increase collaboration. This will help us serve our customers, clients and shareholders, and attract and retain talent, as we shape the Barclays of the future. Our investment and commitment represents a historic milestone for Barclays’ operations in the Americas, and we have worked closely with the State of New Jersey to bring this project to fruition. We are very grateful for the state’s ongoing support as part of the Grow NJ Assistance Program,” Paul Compton, group chief operating officer at Barclays, said.
The Whippany campus will bring together members of Barclays’ chief operating office and functional teams. The campus, it said, will enhance the firm’s ability to deliver for customers and clients.
Barclays purchased the campus in May 2017. It offers a health center, a fitness center, onsite child care and WiFi.