Barclays Rejigs Management at European and Asian Investment Bank
November 10 2016 - 8:14AM
Dow Jones News
By Max Colchester
Barclays PLC is again re-jigging the management of its European
and Asian investment bank.
The bank has split its European and Asia investment banking
co-heads, Sam Dean and Crispin Osborne, into new roles, according
to a person familiar with the matter. Mr. Dean becomes head of
corporate finance in Europe heading among other sectors, the
M&A team and the country teams outside the U.K.
Meanwhile, Mr. Osborne is named chairman of the regions'
corporate finance business and Equity Capital Markets divisions.
Alisdair Gayne, who currently runs corporate broking, also becomes
the head of U.K. investment banking.
Earlier this year, Barclays decided to merge large corporate
customers into a division alongside its investment bank, in part to
help fund the unit, as it retreated from several Asian markets. The
latest reshuffle should help the investment bank work more closely
with Barclays's other units, including its credit card
business.
In July, Barclays re-organized its investment bank's U.S.-based
profit driver to meet local regulatory requirements. Barclays's
U.S. investment bank is now in a separately capitalized subsidiary
with its own management.
Write to Max Colchester at max.colchester@wsj.com
(END) Dow Jones Newswires
November 10, 2016 07:59 ET (12:59 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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