HomeInvestmentBarclays unveils various modifications to its funding financial institution construction

Barclays unveils various modifications to its funding financial institution construction


Barclays promoted various high-profile deal makers and appointed new co-heads of its funding banking division to guide the division in the course of the fee growth.

Jean-Francois “J.F.” Astier and John Miller have been named co-heads of funding banking and can lead a brand new administration staff throughout the division in an effort to “speed up progress,” Barclays stated in a press release.

Astier, who’s at the moment International Head of Capital Markets and Miller, International Head of Funding Banking, will report back to Paul Compton, Head of International Funding Banking and Co-President of the UK lender.

These strikes imply {that a} vital proportion of the UK financial institution’s high dealmakers are primarily based in New York. The British lender is among the few European funding banks to problem the dominance of Wall Avenue gamers in its territory because the financial institution acquired the American enterprise of Lehman Brothers following the 2008 monetary disaster.

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As a part of the change, Christine Roth DeClark and Taylor Wright, previously head of fairness capital markets within the Americas, have been named co-heads of worldwide capital markets. Travis Barnes, who led the International Debt Capital Markets, has been named International Chief of Barclays’ Monetary Sponsoring Group (FSG) and Sustainable and Environment friendly Banking.

Marco Valla has additionally been named Head of International Know-how, Media and Telecommunications (TMT) and Funding Banking for Customers and People.

Within the first half of 2021, funding banks collected a document $ 60 billion in funding banking charges as M&A and ECM revenues hit new highs. In response to Dealogic, Barclays ranked seventh within the international funding financial institution earnings rankings with $ 2.3 billion – the identical place it held in 2020.

Barclays’ new funding banking staff will embody 11 senior members. Along with Astier and Miller, that is Travis Barnes, international head of the group of monetary sponsors, devoted to sustainable and influential banking; Christine Roth DeClark and Taylor Wright, co-heads of worldwide capital markets; Tim Hartzell, International Head of Portfolio Administration; Richard Landgarten, International Head of Well being and Actual Property Funding Banking; John Lange, International Head of Funding Banking for Trade and Vitality; Tim Maine, Head of the Worldwide Funding Banking Division of Monetary Establishments; Gary Posternak, head of mergers and acquisitions; Marco Valla, Head of Know-how, Media & Telecommunications, and Funding Banking for Customers and People.

“By working carefully with the brand new staff and with our companions all through the financial institution, we are going to drive the expansion of our franchise, higher serve our shoppers throughout sectors, areas and merchandise, and ship greater margins for all of our stakeholders.” – Astier & Miller … stated in a press release.

To contact the writer of this story with suggestions or information, electronic mail Paul Clarke.



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