Take a fresh look at your lifestyle.

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

Investing.com - Financial Markets Worldwide

Please try another search

Economy12 hours ago (Mar 10, 2022 05:06PM ET)

Barclays names Ihsan Essaid co-head of global M&A - memo © Reuters. A branch of Barclays Bank is seen, in London, Britain, February 23, 2022. REUTERS/Peter Nicholls

(Reuters) – Barclays (LON:) 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:) 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.

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.

Related Articles

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More