Finance

Barclays hires Citigroup’s Baumann to lead German investment banking

Barclays hired Citigroup’s head of investment banking for Germany as the UK lender bulks up its European presence.

Sven Baumann has joined Barclays as head of investment banking for Germany, Austria and Switzerland, the bank said in a statement. He has spent the past seven years at Citigroup, where head was latterly head of its dealmaking unit in Europe’s largest economy and has previously worked at Bank of America.

Barclays has been bolstering headcount in Germany, poaching senior bankers from rivals as part of a broader expansion of its investment bank on the continent. Ingrid Hengster joined this month as its new chief executive of Germany, while Anthony Samengo-Turner was hired from Greenhill & Co in April last year as head of M&A for German-speaking countries.

READ Barclays unveils raft of changes to top of investment bank

Baumann will join Barclays in April and report into Pier Luigi Colizzi, who was promoted to head of investment banking for continental Europe at the bank in July. In a statement, Colizzi said that Germany “represents significant opportunity for Barclays”.

Last year, Barclays unveiled a string of senior appointments in Europe. Laurent Meyer was hired as vice chairman for investment banking in Europe, while Gauthier Le Milon joined as its new head of M&A in France, Belgium and Luxembourg and Pat Guerin was hired as head of TMT M&A for Emea.

To contact the author of this story with feedback or news, email Paul Clarke

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