Barclays employed Citigroup’s head of funding banking for Germany because the UK lender bulks up its European presence.
Sven Baumann has joined Barclays as head of funding banking for Germany, Austria and Switzerland, the financial institution mentioned in an announcement. He has spent the previous seven years at Citigroup, the place head was latterly head of its dealmaking unit in Europe’s largest economic system and has beforehand labored at Financial institution of America.
Barclays has been bolstering headcount in Germany, poaching senior bankers from rivals as a part of a broader growth of its funding financial institution on the continent. Ingrid Hengster joined this month as its new chief govt of Germany, whereas Anthony Samengo-Turner was employed from Greenhill & Co in April final yr as head of M&A for German-speaking nations.
Baumann will be a part of Barclays in April and report into Pier Luigi Colizzi, who was promoted to go of investment banking for continental Europe at the bank in July. In an announcement, Colizzi mentioned that Germany “represents important alternative for Barclays”.
Final yr, Barclays unveiled a string of senior appointments in Europe. Laurent Meyer was employed as vice chairman for funding banking in Europe, whereas Gauthier Le Milon joined as its new head of M&A in France, Belgium and Luxembourg and Pat Guerin was employed as head of TMT M&A for Emea.
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