By Pamela Barbaglia
LONDON, July 27 (Reuters) - Barclays has appointed
Omar Faruqui as co-head of its mergers and acquisitions (M&A)
franchise in Europe, the Middle East and Africa as part of a
leadership shake-up to ride a wave of deal-making activity in
the post-COVID world.
The British bank said on Tuesday that Faruqui will share the
leadership of its EMEA M&A business with Pier Luigi Colizzi, who
recently took on an expanded role as head of Barclays'
investment banking for continental Europe.
Faruqui, who joined Barclays in 2018 from HSBC to jointly
run UK M&A with Derek Shakespeare, is one of the most senior
dealmakers within the firm.
The power sharing structure will allow Barclays to lead its
M&A operations in EMEA from London - where Faruqui is based -
but also from the continent with Colizzi recently relocating to
Milan.
As part of the new structure, Shakespeare - an 11-year old
Barclays veteran - will become chairman of UK M&A focusing
purely on advising British companies and deepening relationships
with new clients. He will also retain his responsibilities as
head for financial institution group (FIG) M&A in EMEA.
"These appointments reflect our focus on EMEA and, in
particular, the M&A opportunity in the region," said Reid Marsh,
head of investment banking for Europe, Middle East and Asia
Pacific, who announced the new roles alongside the bank's global
head of M&A, Gary Posternack.
In a bid to strengthen its sector coverage the bank has also
promoted Pat Guerin, who focused on sell-side M&A primarily for
technology and media clients, to head TMT M&A for EMEA.
Previously, it revamped the leadership of its European hubs
with the appointments of Anthony Samengo-Turner for Germany,
Austria and Switzerland and Gauthier Le Milon for France,
Belgium and Luxembourg.
(Reporting by Pamela Barbaglia, Editing by Louise Heavens)
HSBC Holdings (HSBA)
Barclays (BARC)