Barclays Investment Bank (trading as Barclays, formerly Barclays Capital or BarCap) is the investment banking division of the British multinational Barclays bank headquartered in London. It provides financing and risk management services to large companies, institutions and government clients. It is a primary dealer in U.S. Treasury securities and various European Government bonds. Barclays Investment Bank has offices in over 29 countries and since the acquisition of Lehman Brothers’ main U.S. division in September 2008, employs over 20,000 people, with over 7,000 people working in the IT division. This has significantly increased Barclays’ presence in North America.