Barclays Plc recently appointed Cathal Deasy and Taylor Wright as its new Investment-Banking co-chiefs, promoting a new leadership team. Kristin Roth DeClark has been chosen as the head of technology investment banking, Marco Valla is now the head of financial sponsors as well as sustainable banking divisions, and Travis Barnes and Tom Johnson will act as the global co-heads of capital markets.
The notable changes aim to increase Barclays’ market share in the business of advising large companies on mergers and acquisitions, as well as capital-markets origination. As a consequence of these changes, Laurence Braham was appointed as the global chair of investment banking, and he will be joining the Global Chair’s Group. This newly created Group is formed by some of Barclays’s most senior bankers and it focuses on increasing customer relationships with CEOs and the Boards of Directors all over the world.
With the appointment of Kristin Roth DeClark as global head of technology investment banking, she is now one of the most prominent female dealmakers on Wall Street. Besides leading the Global Capital Markets division, Marco Valla will now also be the head of Consumer Retail Investment Banking. Eric Federman has also been part of the leadership team as the global head of Media and Telecom Investment Banking.
Last year, Barclays finished as the sixth biggest M&A advisor, according to compiled data by Bloomberg. This year, the British bank’s market share of dealmaking fees has so far increased by 90 percentage points- the highest increase among major rivals, according to the data from Dealogic Inc.
Deasy and Wright firmly believe that these management changes will be instrumental in their execution of the future strategies. Their vision is to lead the way in the changing and evolving nature of Investment Banking globally. These changes will only help establish Barclays as a premier Investment Bank and run alongside their mission to serve the customers with utmost trust and excellence.