The card unit of Barclays PLC will open a New York office as part of its global expansion plans.

The London banking company said Wednesday that it plans to hire more than 200 people over the next year for its new administrative office in the Long Island City neighborhood in the borough of Queens. The staff will focus on handling credit risk, with some corporate finance and market analytics responsibilities, for Barclays' credit card operations in the United States, Europe, Africa, and Asia. (The U.S. operation is headquartered in Wilmington, Del.)

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.