⌛ Did you miss ProPicks’ 13% gains in May? Subscribe now & catch June’s top AI-picked stocks early.Unlock Stocks

Barclays names Ihsan Essaid co-head of global M&A - memo

Published 03/10/2022, 04:56 PM
Updated 03/10/2022, 05:06 PM
© Reuters. A branch of Barclays Bank is seen, in London, Britain, February 23, 2022.  REUTERS/Peter Nicholls
BARC
-
CSGN
-

(Reuters) - Barclays (LON:BARC) appointed Ihsan Essaid as co-head of its global mergers and acquisitions business, according to a memo seen by Reuters on Thursday.

Essaid is a veteran of about three decades in the investment banking industry, has principally worked across the media and telecoms sectors, according the memo.

Essaid, who was previously with the Credit Suisse (SIX:CSGN) group, will lead the M&A team with Gary Posternack.

A Barclays spokesman confirmed the contents of the memo.

Barclay's global M&A business had a record year in 2021, exceeding its prior all-time-high revenues by more than 25%, the memo said.

© Reuters. A branch of Barclays Bank is seen, in London, Britain, February 23, 2022.  REUTERS/Peter Nicholls

Global M&A volumes topped $5 trillion for the first time ever in 2021, comfortably eclipsing the previous record of $4.55 trillion set in 2007, according to Dealogic data. Investment bankers expect the dealmaking frenzy to continue well into next year.

Last month, Barclays said its investment bank delivered its strongest ever profit of 5.8 billion pounds, thanks to a 34% increase in fees from advising on deals such as mergers and fundraising.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.