Barclays Capital builds European equities
Big names have been recruited in ECM; they must help pay the bill for a secondary market presence.
John Winter, BarCap: committed to world-class products and services
Barclays has made some big hires in its nascent European equity capital markets businesses. Jim Renwick is due to become head of UK equity capital markets and corporate broking inside the investment banking division, reporting to Richard Boath, head of global finance, EMEA, in London and to David Erickson, co-head of global equity capital markets in New York. Renwick joins from UBS, where he had risen to head of ECM in a 19- year career briefly interrupted by a stint at the boutique firm Bridgewell. Last month, the firm also hired Sam Dean from Deutsche Bank to co-head global equity capital markets in partnership with Erickson. Dean, who worked his way up in equity capital markets from 1993 starting at Dresdner Kleinwort, then heading syndicate at Citi before moving to Deutsche in 2001, will be based in London.
"Sam has a proven track record and will help the team build on its already strong client relationships," says John Winter, head of investment banking, EMEA.