Barclays Appoints Akhil Ahuja as Head of Enterprise and Communications Technology Banking

Date : 05/23/2019 @ 6:00PM
Source : Business Wire
Stock : Barclays Plc (BARC)
Quote : 162.66  -1.38 (-0.84%) @ 11:06AM
Barclays share price Chart

Barclays Appoints Akhil Ahuja as Head of Enterprise and Communications Technology Banking

Barclays (LSE:BARC)
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6 Months : From Apr 2019 to Oct 2019

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Barclays announces the appointment of Akhil Ahuja as Head of Enterprise and Communications Technology Banking. Mr. Ahuja will be based in Menlo Park, California, and will report to Laurence Braham and Greg Dalvito, Co-Heads of Technology Banking at Barclays.

Mr. Ahuja joins Barclays with over fifteen years of experience in Banking, most recently as Managing Director and Head of Systems and Infrastructure Software Banking at Wells Fargo Securities. In this role his coverage included enterprise infrastructure and infrastructure software, cloud computing and related architectures, unified communications, and consumer electronics. Prior to joining Wells Fargo in 2011, Mr. Ahuja worked at JPMorgan covering enterprise and communications companies in the Technology Investment Banking division.

Notable transactions that Mr. Ahuja has been involved in include the $13.9 billion acquisition of EDS by HP, and the $2 billion acquisition of Polycom by Plantronics.

“Akhil has extensive transaction experience in the Enterprise and Communications Technology sector, and a deep roster of strategic relationships,” said Laurence Braham, Co-Head of Technology Banking. “His abilities and experience will deliver great value and benefits for our clients.”

“Further strengthening our Technology coverage capabilities is a primary area of focus for us at Barclays,” added John Miller, Global Head of Banking Coverage. “Akhil’s addition to the team will help us to build on our existing, and establish new, critical relationships in the sector, and will accelerate the already strong momentum in our Technology Banking Group.”

Mr. Ahuja’s hire follows Barclays’ recent appointments of Robert Peck as Chairman of Global Internet Banking, Kristin DeClark as Co-Head of US ECM and Global Head of Technology ECM, and Riaz Ladhabhoy as Head of Internet Banking. Barclays appointed Mark Zanoli as Vice Chairman of Technology Banking and Ed Wehle as Head of Global Technology Services Banking during 2018, and Ben Freeland as Co-Head of Software Banking in the fall of 2017.

Barclays has been a bookrunner on the five largest ever US Technology IPOs (Facebook, Uber, Snap, Worldpay, and First Data), and has played key roles in two of the three largest US Technology IPOs year to date (Uber and Pinterest). Also year to date, Barclays is ranked number 3 globally and number 2 in the Americas in Technology Investment Grade bond and loan issuance.

Mr. Ahuja will start at Barclays in August 2019.

Barclays is a transatlantic consumer and wholesale bank offering products and services across personal, corporate and investment banking, credit cards and wealth management, with a strong presence in our two home markets of the UK and the US. With over 325 years of history and expertise in banking, Barclays operates in over 40 countries and employs approximately 83,500 people. Barclays moves, lends, invests and protects money for customers and clients worldwide. For further information about Barclays, please visit our website www.barclays.com

Andrew Smith+1 212 412 7521andrew.x.smith@barclays.com

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