HomeInvestmentBarclays hires Hengster to steer German division as shake-up continues

Barclays hires Hengster to steer German division as shake-up continues

Barclays has employed a deal agent to function chief govt officer of its Germany division because the UK lender continues to shake up the highest ranks of its funding financial institution.

Ingrid Hengster joins Barclays as Germany’s CEO and Worldwide Chairman of Funding Banking, becoming a member of a brand new set of senior executives within the international chairman group, the place essentially the most skilled bankers are targeted on making massive offers.

She got here from KfW Bankengruppe the place she has been a member of the manager board and head of the enterprise capital enterprise since 2014. She has additionally held senior administration positions with funding banking companies Credit score Suisse, UBS and ABN Amro.

Germany is turning into an more and more aggressive marketplace for funding bankers, with extra senior dealmakers shifting to Frankfurt after Brexit, and banks together with BNP Paribas, Citigroup and JPMorgan have appointed executives in latest months.

READ Barclays unveils numerous modifications within the composition of the funding financial institution

Peter Kimpel, a former Goldman Sachs banker who led Barclays’ operations in Germany for 2 years, left the UK lender in December to hitch Citigroup as head of banking, capital markets and advisory providers in Germany.

“We’ve got an formidable drive to develop Barclays Europe and increasing in Germany is on the core of our technique,” mentioned Francesco Ceccato, CEO of Barclays Europe.

Hengster’s appointment is the newest in a collection of administration modifications at funding financial institution Barclays in latest days. Pier Luigi Colizzi, Head of M&A for Europe, Center East and Africa at Barclays, was named Head of Funding Banking for Continental Europe on July 21.

On July 20, Barclays appointed numerous former Lehman Brothers bankers to administration positions. Jean-François “J. F. ” Astier and John Miller have been named co-heads of funding banking and can lead a brand new administration workforce inside a division of 11 senior bankers, largely primarily based in New York.

To contact the creator of this story with suggestions or information, e mail Paul Clarke.

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