Barclays has hired a Bank of America veteran to co-lead its coverage of financial institutions in Europe after a number of departures over the past year.
Arif Vohra will join the British lender as co-head of investment banking for financial institutions in Europe, the Middle East and Africa, the bank said in a statement.
Vohra has worked for Bank of America, or Merrill Lynch, which the bank acquired after the 2008 financial crisis, for more than 20 years. In September, he moved on to become chairman of the bank’s Emea Financial Institutions. This was after a wider upheaval which saw his FIG co-director in the Emea region, Giorgio Cocini, promoted to head the unit globally.
At Barclays, Vohra will work alongside Enrique Pinel to lead his FIG team in Emea. It means the bank is returning to a co-head structure after installing Pinel as sole head following Darren McKay’s departure to specialist boutique FT Partners in August last year.
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Meanwhile, Ahsan Raza, who had led its fintech coverage, left to become Calastone’s chief financial officer in July 2021.
Vohra will join in September and report to Tim Main, who described him as a “well-respected FIG banker”.
In April, Barclays also hired Ed Skilton as global co-head of its insurance financial institutions group and head of Nomura’s UK financial institutions group.
The FIG remained an active recruiting sector in the City despite a broader slowdown in recruiting negotiators. Credit Suisse hired Kristian Triggle from RBC Capital Markets in February as it rebuilt its FIG team after a string of departures while JPMorgan hired Chetan Singh, who is expected to join the US bank in June as co-head of its group of financial institutions for Emea in May.
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