By Alex Chambers
LONDON, Feb 20 (IFR) - Barclays has recast its EMEAinvestment banking operation to create an integrated team forfinancial institutions.
The bank said on Wednesday that Richard Boath and Ben Daveywould lead the Financial Institutions Group (FIG) which combinesinvestment banking, Global Finance FIG and Financial Solutionsteams in the region.
Last week Barclays announced plans to shrink its investmentbanking operations outside the UK and the US. Global investmentbank chief Rich Ricci told IFR that Barclays wants to"right-size the business to fit the opportunity".
But the bank is also positioning itself for potentialactivity in FIG mergers and acquisitions, equity capital raisingrefinancing and restructuring in the region.
Boath is a long-standing Barclays FIG financier and wasco-head of global finance, EMEA, before this restructuring.Davey has run FIG advisory for the past three years at the UKlender. The two will report locally to John Langley, co-head ofGlobal Finance, and Richard Taylor, head of investment bankingfor EMEA.
A spokesman at the bank confirmed the moves to IFR.
The London-based bank has also made changes to theleadership of the debt capital markets team. Charlie Berman andMark Lewellen are now chairman of DCM EMEA and head of DCM EMEA,respectively.
Both are veterans of the business and will oversee allcorporate, FIG and public sector DCM. Lewellen is a Barclaysstalwart of 13 years and was head of DCM for corporates,including bonds and loans.
Berman has run the bank's public sector client coveragesince 2011 and before that was co-head of fixed income capitalmarkets at Citi.
Barclays (BARC)
