By Aimee Donnellan
LONDON, Oct 23 (IFR) - Barclays is revamping its financialinstitutions group business for the second time in under twoyears, appointing Ben Davey as the sole head of financialinstitutions Europe, Middle East and Africa following thedeparture of Allen Appen earlier this month.
Davey had previously been co-head of FIG EMEA with RichardBoath, but under the new structure, Boath has been made chairmanof FIG in the region and will be responsible for interactionswith senior clients.
"We see a huge opportunity in the next 12 to 18 months tofocus on balance sheet advisory and capital. Having this core,broad team will allow us to do that," said Davey.
In February 2013 Barclays combined FIG financing, advisoryand liability management - and removed FIG debt capital marketsfrom its equity sibling.
Under the latest structure, Appen's former responsibilitiesas head of EMEA FIG capital markets have been split into tworoles, which will result in two promotions.
Peter Mason will step up to become head of FIG DCM for theEMEA region, while Peter Jurdjevic will now lead financingsolutions for the bank, covering capital, balance sheet advisoryand liability management for all FIG, corporate and publicsector businesses. He will also oversee securitisation andasset-backed securitisation.
And lastly, Daniel Fairclough has been appointed head of UKbanking coverage. (Reporting by Aimee Donnellan)