Barclays names former Credit Suisse dealmaker Deasy as investment banking co-head

LONDON — Barclays has appointed former Credit Suisse dealmaker Cathal Deasy as co-head of investment banking, the lender said on Tuesday, as Chief Executive C.S. Venkatakrishnan seeks to grow the business and plan for succession. Deasy will work alongside Taylor Wright, the co-head of global capital markets, the British bank said. Financial Post Top Stories…
Barclays names former Credit Suisse dealmaker Deasy as investment banking co-head

LONDON — Barclays has appointed former Credit Suisse dealmaker Cathal Deasy as co-head of investment banking, the lender said on Tuesday, as Chief Executive C.S. Venkatakrishnan seeks to grow the business and plan for succession.

Deasy will work alongside Taylor Wright, the co-head of global capital markets, the British bank said.

Financial Post Top Stories

Sign up to receive the daily top stories from the Financial Post, a division of Postmedia Network Inc.

By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc. You may unsubscribe any time by clicking on the unsubscribe link at the bottom of our emails or any newsletter. Postmedia Network Inc. | 365 Bloor Street East, Toronto, Ontario, M4W 3L4 | 416-383-2300

The changes were part of the bank “fostering the next generation of leadership and thinking,” Venkatakrishnan, known internally as Venkat, said in a memo about the moves that was seen by Reuters.

Venkat is being treated for a form of cancer known as non-Hodgkin lymphoma, he said in November, adding that doctors are optimistic about his prognosis and that he would continue to be involved in the running of the bank.

Deasy left Credit Suisse a few weeks ago, just months after being promoted to regional co-head of its investment banking & capital markets (IBCM) unit.

At Credit Suisse, he managed some of the bank’s biggest client relationships in Europe, having spent nine years beforehand at Deutsche Bank, according to the internal Barclays memo.

JF Astier and John Miller, who currently lead investment banking, are in “active dialog” with Barclays about what roles they might now take, a Barclays spokesperson said.

Astier and Miller were promoted in 2021 to lead investment banking as part of a new management team.

Barclays’ investment bank has had a strong performance in recent quarters, thanks in part to a boom in fixed income trading, which has traditionally been one of its core strengths.

Recent results have been blighted however by a trading blunder last year that saw Barclays agree a penalty of $361 million with U.S. regulators for what they described as “staggering” failures that led the bank to oversell nearly $18 billion worth of investment products. (Reporting by Baranjot Kaur in Bengaluru and Lawrence White in London; Editing by Sriraj Kalluvila and Bill Berkrot)

Read More

Total
0
Shares
Leave a Reply

Your email address will not be published.

Related Posts
Global funds find promise in Southeast Asia infrastructure deals
Read More

Global funds find promise in Southeast Asia infrastructure deals

Author of the article: Reuters Anshuman Daga and Yantoultra Ngui SINGAPORE — Buyout firms and asset managers are moving in on billions of dollars of infrastructure assets across Southeast Asia, lured by the sector’s growth prospects and stable, long-term returns, bankers and analysts say. Merger and acquisition deal volume is up in the sector so…
Marlin Spring Acquires Development Site in Toronto’s Junction Triangle Neighborhood
Read More

Marlin Spring Acquires Development Site in Toronto’s Junction Triangle Neighborhood

Author of the article: TORONTO, April 12, 2022 (GLOBE NEWSWIRE) — We are pleased to announce Marlin Spring Development Fund’s recent acquisition of multiple properties between 316 and 336 Campbell Avenue in Toronto.  Located Northwest of downtown Toronto in the heart of the sought-after Junction Triangle community, the site will be developed with the construction of a design-forward and transit-oriented tower which…
Most Asian currencies retreat; Indonesian rupiah strengthens
Read More

Most Asian currencies retreat; Indonesian rupiah strengthens

Author of the article: The following table shows rates for Asian currencies against the dollar at 0203 GMT. CURRENCIES VS U.S. DOLLAR Currency Latest bid Previous Pct Move day Japan yen 115.440 115.46 +0.02 Sing dlr 1.359 1.3562 -0.21 Taiwan dlr 28.083 28.061 -0.08 Korean won 1209.900 1204.6 -0.44 Baht 32.570 32.59 +0.06 Peso 51.695…