Barclays Capital hired 700 people last year as part of a push into equities, despite falling commissions and volumes. Financial News speaks with Dixit Joshi, head of equities for Emea and Asia at BarCap about the opportunities and challenges of building a business in a fast-changing environment.

Financial News: You've previously said that you want to turn Barclays Capital into a top five global equities player by 2011, and from a virtual standing start. How tough will it be to crack into this market?