By David French
NEW YORK, June 5 (Reuters) - Gautam Chawla is joining
Barclays from Citigroup Inc, a statement from the
British lender said on Friday, continuing the recent spate of
job changes among senior financiers covering the insurance
industry.
For Chawla, who starts his new role at the end of July, the
move marks the end of a long career at Citi, where his most
recent job titles were co-head of global insurance investment
banking and co-head of the financial institutions group in North
America.
Chawla's title at Barclays will be vice chairman of the
financial institutions group (FIG). He will be based in New York
and report to Tim Main, global head of FIG banking, the
statement added.
The announcement of Chawla's impending move comes amid a
recent slew of movement involving senior investment bankers who
cover the insurance sector.
Citi announced May 18 it had hired Jawad Haider from Credit
Suisse Group as the bank's new head of North America
insurance investment banking.
Sources told Reuters on May 20 that Thomas Solomon, head of
insurance investment banking in the Americas, was leaving Bank
of America Corp to become chief financial officer of a
publicly listed insurance company. The next day, Randall &
Quilter Investment Holdings announced his hiring.
Chawla is also the second senior investment banker to join
Barclays in its FIG department in recent days: Alex Lynch was
named May 29 as chairman of banking.
(Reporting by David French; Editing by Steve Orlofsky)
Barclays (BARC)
R&Q Insurance (RQIH)