Barclays appoints Alexander Altmann as Global Head of Equities Tactical Strategies

Rhea-AI Summary

Barclays has announced the appointment of Alexander Altmann as Managing Director and Global Head of Equities Tactical Strategies. Mr. Altmann will start in June and will be based in New York, reporting to Ronnie Wexler. In this new role, he will be responsible for generating thematic ideas to capture market opportunities across Equities and Global Markets. Mr. Altmann brings nearly two decades of experience, having previously worked at Millennium Capital Management, Citigroup, Royal Bank of Scotland, and JPMorgan. Barclays expects this appointment to deepen client relationships and enhance market content delivery.

Positive

• Appointment of Alexander Altmann, a seasoned professional with nearly two decades of experience in equity trading and strategy.
• Creation of a new role aimed at capturing market opportunities, which may lead to increased revenue streams.
• Mr. Altmann’s experience at top financial institutions like Millennium Capital Management and Citigroup adds significant value.
• Focus on thematic idea generation and actionable market content, which could drive client engagement and satisfaction.

Negative

• Potential high compensation costs associated with hiring a high-profile executive like Mr. Altmann.
• The success of this appointment is uncertain and depends on Mr. Altmann’s ability to deliver tangible results.

LONDON & NEW YORK--(BUSINESS WIRE)-- Barclays is pleased to announce the appointment of Alexander Altmann as Managing Director and Global Head of Equities Tactical Strategies. Mr Altmann will join the bank in June and will be based in New York, reporting to Ronnie Wexler, Global Head of Equities Distribution.

Alex Altmann, Barclays Global Head of Equities Tactical Strategies (Photo: Business Wire)

In this newly created global role, Mr Altmann will be responsible for capturing new opportunities by delivering thematic idea generation, which will drive and monetise actionable market content across the Equities and broader Global Markets client base.

“We are delighted to have Alex join the team,“ said Ronnie Wexler, Global Head of Equities Distribution. “With close to two decades of industry experience, Alex has a deep history of thought leadership across the equities landscape complemented by a stellar track record in generating actionable ideas across the Markets space. Working in partnership with a wide range of teams within Global Markets and Research, we are confident that our clients will benefit from Alex’s expertise as we focus on deepening client relationships and delivering first class market content.”

Alex joins Barclays from Millennium Capital Management where he was Equity Macro Portfolio Manager. Prior to this, Alex was Head of Equity Trading Strategy for ten years at Citigroup. Before this, Alex worked for Royal Bank of Scotland and JPMorgan in London.

About Barclays

Our vision is to be the UK-centred leader in global finance. We are a diversified bank with comprehensive UK consumer, corporate and wealth and private banking franchises, a leading investment bank and a strong, specialist US consumer bank. Through these five divisions, we are working together for a better financial future for our customers, clients and communities.

For further information about Barclays, please visit our website home.barclays

View source version on businesswire.com: https://www.businesswire.com/news/home/20240604017582/en/

Sofia Rehman

+44 (0)20 7773 0230

Source: Barclays

FAQ

Who is the new Global Head of Equities Tactical Strategies at Barclays?

Alexander Altmann has been appointed as the new Global Head of Equities Tactical Strategies at Barclays.

When will Alexander Altmann start his new role at Barclays?

Alexander Altmann will join Barclays in June.

What will Alexander Altmann be responsible for in his new role?

Alexander Altmann will be responsible for generating thematic ideas to capture market opportunities across Equities and Global Markets.

Where will Alexander Altmann be based in his new role at Barclays?

Alexander Altmann will be based in New York.

Who will Alexander Altmann report to at Barclays?

Alexander Altmann will report to Ronnie Wexler, Global Head of Equities Distribution.

What experience does Alexander Altmann bring to Barclays?

Alexander Altmann brings nearly two decades of experience, having worked at Millennium Capital Management, Citigroup, Royal Bank of Scotland, and JPMorgan.