Barclays Appoints Gautam Chawla as Vice Chairman, Financial Institutions Group (FIG) Banking
June 05 2020 - 10:25AM
Business Wire
Barclays announces the appointment of Gautam Chawla as Vice
Chairman, Financial Institutions Group (FIG) Banking. Mr. Chawla
will be based in New York, and will report to Tim Main, Global Head
of FIG Banking at Barclays.
Mr. Chawla joins Barclays with over twenty-eight years of
experience in banking, most recently as Co-Head of Global Insurance
& Co-Head of North American FIG at Citigroup, where he started
his career. Mr. Chawla has led the origination and execution of a
number of high-profile transactions, including Voya Financial’s IPO
and related financings, SOMPO’s acquisition of Endurance, Athene’s
IPO and follow-on financings, and AXA Equitable’s IPO and related
financings.
“Gautam has exceptional knowledge of the insurance sector, and
his long-established industry relationships and extensive
transactional experience will generate tremendous value for our
clients,” said Gary Antenberg, Head of Insurance Investment Banking
at Barclays. “Gautam is an outstanding addition to our team, and
his partnership will ensure that we continue to build on our
established strengths and business momentum in FIG Banking.”
“Gautam’s appointment is further evidence of Barclays’ strong
commitment to operating a top tier FIG franchise,” added Tim Main,
Global Head of FIG Banking at Barclays. “His superb track record of
performance and his proven leadership qualities will further
augment our ability to provide best in class strategic advice and
execution.”
Barclays has performed lead roles in a number of recent
transactions of note in the FIG Banking space, including serving as
exclusive financial advisor to State Farm on the sale of its credit
card (c.$1.5bn) and deposit (c.$11bn) portfolios, and in the
creation of its strategic alliance with U.S. Bank. Barclays also
served as joint-bookrunner for PNC Financial’s $13bn sale of
BlackRock Inc. stock via an accelerated bookbuild common offering,
and as exclusive financial advisor to Zurich Insurance Group on the
sale of its U.S. Corporate Life and Pensions business to Aflac
Incorporated. In addition, Barclays served as an active joint
bookrunner on Mastercard’s $4bn senior notes offering in March of
this year, and as financial advisor to Credit Karma in the
company’s $7bn acquisition by Intuit. Barclays was lead left
bookrunner for Reinsurance Group of America’s $500mm common stock
offering, the pricing for which was announced on June 2.
Mr. Chawla will start at Barclays at the end of next month.
Barclays is a British universal bank. We are diversified by
business, by different types of customer and client, and geography.
Our businesses include consumer banking and payments operations
around the world, as well as a top-tier, full service, global
corporate and investment bank, all of which are supported by our
service company which provides technology, operations and
functional services across the Group. For further information about
Barclays, please visit our website www.barclays.com. Barclays
offers investment banking products and services in the US through
Barclays Capital Inc.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20200605005333/en/
Andrew Smith +1 212 412 7521 andrew.x.smith@barclays.com
Barclays (NYSE:BCS)
Historical Stock Chart
From Mar 2024 to Apr 2024
Barclays (NYSE:BCS)
Historical Stock Chart
From Apr 2023 to Apr 2024