Barclays appoints new co-heads of Investment Banking

Rhea-AI Summary

Barclays has appointed Taylor Wright and Cathal Deasy as Co-Heads of Investment Banking, effective March 27, pending regulatory approvals. Both leaders will manage business operations across various coverage and product groups, aimed at enhancing client relationships and global deal-making. Reporting to Paul Compton, Barclays' Global Head of Corporate & Investment Bank, their appointments signal a strategic move towards building a stronger investment banking franchise.

Wright has been with Barclays since 2019, previously serving as Global Co-Head of Capital Markets, while Deasy comes from Credit Suisse, where he led significant M&A initiatives in Europe.

Positive

• Appointment of experienced leaders could enhance investment banking operations.
• Taylor Wright and Cathal Deasy are expected to strengthen client relationships and deal-making efforts.

Negative

• Potential gaps in continuity and experience as new leaders transition into their roles.

Barclays has promoted Taylor Wright and hired Cathal Deasy to co-lead Investment Banking

NEW YORK--(BUSINESS WIRE)-- Barclays today announces that Taylor Wright and Cathal Deasy have been appointed Co-Heads of Investment Banking, effective 27 March and subject to regulatory approvals. In their new roles, Mr. Wright and Mr. Deasy will jointly manage the business across coverage and product groups and will be tasked with deepening client relationships and dealmaking efforts around the world. They will report to Paul Compton, Global Head of Barclays’ Corporate & Investment Bank and President, Barclays Bank Plc, and will join the CIB Management Team.

(Photo: Business Wire)

“In their expanded and new roles, Taylor and Cathal will make a formidable team as we continue to progress building a resilient and diversified Corporate and Investment Banking franchise,” commented Paul Compton. “Our strategy is fundamentally grounded in delivery for clients, and their leadership will best prepare Barclays for the coming decade of investment banking.”

Mr. Wright joined Barclays in 2019 as Co-Head of Americas Equity Capital Markets. He was appointed Global Co-Head of Capital Markets in July 2021, with shared oversight of and responsibility for the Leveraged Finance, Investment Grade Debt, Securitized Products, and Risk Solutions, Equity and Equity-linked businesses. Mr. Wright previously worked at Morgan Stanley.

Mr. Deasy was most recently Global Co-Head of M&A, and EMEA Co-Head of Investment Banking and Capital Markets, at Credit Suisse. During his tenure, he oversaw significant re-focusing and growth within M&A, particularly in Europe, where he was instrumental in leading some of the investment bank’s most important relationships. Prior to this, Mr. Deasy worked at Deutsche Bank and Merrill Lynch.

About Barclays

Barclays is a British universal bank. We are diversified by business, by different types of customer and client, and geography. Our businesses include consumer banking and payments operations around the world, as well as a top-tier, full service, global corporate and investment bank, all of which are supported by our service company which provides technology, operations and functional services across the Group. For further information about Barclays, please visit our website home.barclays.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230124005998/en/

Ann Thielke

+1 212 526 1472

ann.thielke@barclays.com

Source: Barclays

FAQ

Who are the new Co-Heads of Investment Banking at Barclays?

Taylor Wright and Cathal Deasy have been appointed as Co-Heads of Investment Banking at Barclays.

When did Taylor Wright and Cathal Deasy start their roles at Barclays?

Their roles as Co-Heads of Investment Banking are effective March 27.

What are the responsibilities of the new Co-Heads of Investment Banking at Barclays?

They will manage the business across coverage and product groups while deepening client relationships and deal-making efforts.

What is the background of Taylor Wright prior to his new role?

Taylor Wright joined Barclays in 2019 and was previously Global Co-Head of Capital Markets.

What experience does Cathal Deasy bring to Barclays?

Cathal Deasy was formerly Global Co-Head of M&A at Credit Suisse, focusing on significant relationships in Europe.