Barclays has been announced as a new member of The UK Structured Products Association (UKSPA), bringing its total membership to 17 firms.

The British bank has multiple businesses, including consumer banking and payments operations around the world. It is also a corporate and investment bank, and is supported by a service company which provides technology, operations and functional services across the group.

UKSPA was first established in 2009 to provide a collective and unbiased voice for the industry. Intends to provide investors with a responsive source of information, education and comment on structured products and their use in portfolios.

Its members represent some of the largest providers and distributors of structured products to UK retail investors.

Currently, its membership includes Cirdan Capital, Citi, Credit Suisse, Deutsche Bank, Hilbert Investment Solutions, HSBC, Investec, JP Morgan, Mariana Capital, Meteor, Morgan Stanley, RBC Capital Markets, Societe Generale, Tempo, Walker Crips and Wisdom Tree.

Zak De Mariveles, chairman of the UKSPA, said: “The changing regulatory environment, combined with the many challenges facing investors today, mean it is more important than ever to have strong and influential trade bodies to provide an open forum that help shape the future of our industry. As we start a new year, we have a number of exciting projects planned to help meet our objectives of providing support and education to the wider investment community and we are delighted that Barclays will be involved in these projects and working alongside our existing members.”