By Paul Clarke

Of Financial News


Barclays PLC has promoted one of its top dealmakers to lead its investment bank in continental Europe, the latest change at the U.K. lender which is shaking up the senior ranks amid a boom time for deals.

Pier Luigi Colizzi, who is head of mergers and acquisitions for Europe, the Middle East and Africa at Barclays, has been named head of investment banking for continental Europe. The Italian, who moved to his native country from London earlier this year, will also join the bank's European executive committee.

Mr. Colizzi joined Barclays in 2012 as head of investment banking for Italy, arriving from Citigroup Inc. where he was head of corporate and investment banking for Italy

He was promoted to head of M&A for EMEA three years later.

"This appointment reflects our focus on continental Europe as we add senior talent to the banking platform and generate synergies with our markets, corporate banking and private bank businesses," said Reid Marsh, head of the EMEA investment bank at Barclays.

Mr. Colizzi's promotion follows a raft of changes at the top of Barclays' investment banking business on Tuesday, with a number of former Lehman Brothers dealmakers being promoted into senior roles.

Jean-Francois 'JF' Astier and John Miller were named co-heads of investment banking and will lead a new management team within the division, comprised of 11 senior bankers.

Kristin Roth DeClark and Taylor Wright, previously head of equity capital markets in the Americas, were also promoted to global co-heads of capital markets. Travis Barnes, who was global head of debt capital markets, has been named global head of Barclays' financial sponsors group and sustainable and impact banking.

Barclays ranked seventh by investment banking fees in the first half of 2021 at $2.3 billion, according to data provider Dealogic. In EMEA, it has moved from seventh to fifth in the revenue rankings so far this year--the top European bank in the league tables.

The first half of 2021 has been a bumper year for investment banking fees, with $60 billion hauled in as M&A, equity capital markets and leveraged finance teams have all experienced huge deal flow.




(END) Dow Jones Newswires

July 21, 2021 05:06 ET (09:06 GMT)

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