Fresh from hiring Mark Warham and Matthew Ponsonby from Morgan Stanley and Citigroup as the new co-heads of European M&A at the end of last week, Barclays is further beefing up its M&A advisory arm. Reports Bloomberg:
Barclays Capital, the investment-banking unit, plans to add 30 to 40 bankers in Italy, Germany and France, and 15 to 25 in the U.K., Paul G. Parker, global head of mergers and acquisitions, said. The firm named Mark Warham and Matthew Ponsonby co-heads of European M&A last week.
Which tallies with the 300 or so heads that Barcap President Jerry del Missier said earlier this month the investment banking division would be hiring in underwriting and M&A advisory business across Europe and Asia. (Even back in late March, senior bankers were talking about big plans to expand in Japan).
Barclays is significantly boosting its broader investment-banking activities too: a transformation that hasn’t really stopped since the Lehman acquisition.
Earlier this month Barcap hired Sam Dean from Deutsche as co-head of global equity markets (to work with NYC-based David Erickson). And in April the bank named Jim Renwick as head of UK stock sales and broking.
And while the grandest old houses of the investment banking world, Goldman and JPMorgan, are grounding themselves with commercial banking anchors, Barclays – long in talks to sell its entire asset management business, BGI, is doing quite the opposite.