Barclays Unveils New M&A Leaders in Europe as Shake-Up Continues -- Financial News
By Paul Clarke
Of Financial News
Barclays PLC named new leaders for its European
mergers-and-acquisitions team in Europe, the latest shake-up at the
U.K. lender's investment bank as it looks to gain market share from
The U.K. lender has named Omar Faruqui as co-head of M&A for
Europe, the Middle East and Africa, alongside Pier Luigi Colizzi,
who was promoted to head of investment banking for continental
Europe earlier this month. Mr. Faruqui was previously co-head of
M&A for the U.K.
Derek Shakespeare, a veteran dealmaker who has co-headed
Barclays' U.K. M&A team alongside Mr. Faruqui, has moved into
the role of chairman of U.K. M&A. The bank recently created a
team of senior dealmakers in a number of chair positions--where
investment bankers focus on relationships with key clients away
from day-to-day management responsibilities.
Mr. Shakespeare will retain his role as head of financial
institutions M&A for EMEA.
Pat Guerin has been promoted to head of M&A covering
technology, media and telecoms clients, having joined the U.K.
lender in 2016.
"These appointments reflect our focus on EMEA and, in
particular, the M&A opportunity in the region. Our business has
grown significantly in recent years, and these senior promotions
will put us in a stronger position to further strengthen our
business and provide best-in-class M&A advice to our clients,"
said Reid Marsh, head of investment banking for EMEA and Gary
Posternack, global head of M&A in a statement.
Barclays has been on a hiring spree of senior dealmakers in
Europe, and has unveiled a flurry of changes to the upper ranks of
its investment bank in recent weeks.
Jean Francois Astier and John Miller were named co-heads of
investment banking on July 20, and are set to lead a new management
team within the unit, comprised of 11 senior bankers, largely based
in New York.
It has also hired Ingrid Hengster as country CEO for Germany and
global chair of investment banking and Laurent Meyer has joined as
vice chairman for investment banking in Europe as part of a broader
expansion on the continent.
(END) Dow Jones Newswires
July 27, 2021 09:01 ET (13:01 GMT)
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