Barclays Plc has promoted senior industrials banker Dan Grabos as co-head of its mergers and acquisitions group in the Americas, according to a statement.
(Bloomberg) — Barclays Plc has promoted senior industrials banker Dan Grabos as co-head of its mergers and acquisitions group in the Americas, according to a statement.
He’ll help run the business with incumbent head Larry Hamdan. Grabos will continue to act as co-head of industrials M&A, according to a statement reviewed by Bloomberg News.
The bank also elevated Jonathan Gerst, a managing director focused on industrials deals, to co-head of industrials M&A alongside Grabos.
“Creating new leadership opportunities for our next generation of bankers is a key priority for us, and is essential to growing our market share across all industry verticals,” Ihsan Essaid, the bank’s co-head of global M&A, wrote in the statement.
Barclays has in recent months filled several senior jobs after a reshuffling of top leaders in its investment bank contributed in part to what Chief Executive Officer C.S. Venkatakrishnan described in June as “higher-than-usual” attrition of staff. Grabos replaces Jeff Hinton, who left the firm in April.
The London-based bank has hired more than 20 bankers in its investment bank since the beginning of the year and has been focused on improving its share of the market.
More stories like this are available on bloomberg.com
©2023 Bloomberg L.P.