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(Bloomberg) -- Barclays Plc hired Paul Johnson from Goldman Sachs Group Inc., as head of equities for Asia-Pacific, part of its three-year plan to boost its equities franchise in the region.

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Johnson, who had worked at Goldman in Hong Kong since 2015, will drive platforms, products and client coverage across Asia Pacific, according to an internal memo. He’s tasked with expanding derivatives, equity-linked financing, electronic trading and will have oversight of prime brokerage businesses, the memo said. A Hong Kong-based spokeswoman for the British lender confirmed the memo’s contents.

The appointment is part of a global push at Barclays to grow its equities business and build out its platform. In February, the London-based bank unveiled a three-year plan to boost returns by plowing more capital into more profitable businesses, including prime brokerage services and equity derivatives.

Johnson will work closely with Christian Treuer, who was made head of equities distribution for the region in July. Based in Hong Kong, he will report globally to Scott McDavid and regionally to Jaideep Khanna, head of Asia Pacific. He will also join both the global equities management committee and the markets management team for Asia-Pacific.

Johnson was former co-head of equity derivatives and head of exotics equity derivatives trading for Goldman in Hong Kong. The US bank in March named Vincent Yeung and Philip Jacob to co-lead equity structured products trading for Asia-Pacific, with Johnson focusing on leading the region’s equity quantitative volatility trading and equities strategic lending, according to a memo at the time. Prior to Goldman, he was head of Central & Eastern Europe, Middle East and Africa, & Latam forex options trading at Bank of America.

(Adds Goldman’s appointment in last paragraph)

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