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© Reuters. A department of Barclays Financial institution is seen, in London, Britain, February 23, 2022. REUTERS/Peter Nicholls
(Reuters) – Barclays (LON:) appointed Ihsan Essaid as co-head of its world mergers and acquisitions enterprise, in accordance with a memo seen by Reuters on Thursday.
Essaid is a veteran of about three a long time within the funding banking business, has principally labored throughout the media and telecoms sectors, in accordance the memo.
Essaid, who was beforehand with the Credit score Suisse (SIX:) group, will lead the M&A staff with Gary Posternack.
A Barclays spokesman confirmed the contents of the memo.
Barclay’s world M&A enterprise had a file 12 months in 2021, exceeding its prior all-time-high revenues by greater than 25%, the memo mentioned.
International M&A volumes topped $5 trillion for the primary time ever in 2021, comfortably eclipsing the earlier file of $4.55 trillion set in 2007, in accordance with Dealogic knowledge. Funding bankers anticipate the dealmaking frenzy to proceed nicely into subsequent 12 months.
Final month, Barclays mentioned its funding financial institution delivered its strongest ever revenue of 5.8 billion kilos, because of a 34% improve in charges from advising on offers equivalent to mergers and fundraising.
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