Subscribe to our mailing list

* indicates required

 

 

 

 

BROWSE BY TOPIC

ABOUT FINANCIALISH

We seek to provide information, insights and direction that may enable the Financial Community to effectively and efficiently operate in a regulatory risk-free environment by curating content from all over the web.

 

Stay Informed with the latest fanancialish news.

 

SUBSCRIBE FOR
NEWSLETTERS & ALERTS

FOLLOW US

Archive

Barclays Names Top Americas Banker

October 4, 2012

[ by Melanie Gretchen ]

Barclays is on a roll this fall.

After the British bank agreed to pay $453 million to settle allegation that it manipulated Libor, Antony Jenkins and David Walker assumed the roles of CEO and Chairman, as vacated by Robert Diamond Jr. and Marcus Agius.  This month, the firm on has appointed one of its own to the position of its most senior corporate and investment banker in the Americas.

Hugh E. McGee III, one of the firm's top deal makers, will serve as the firm's CEO of corporate and investment banking for the Americas, according to an internal memo.  Going forward, Mr. McGee will work closely with Rich Ricci, the bank's head of corporate and investment banking worldwide.  In addition, Mr. McGee, who goes by Skip, will also move up from being the head of the investment banking division to its chairman.  Tom King, currently a head of corporate finance and mergers and acquisitions, will take over as head of the unit next year.

Skipping Up the Ladder. When McGree joined the bank, Barclays had just bought the bulk of the investment banking operations of Lehman Brothers in 2008.  Since then, he worked on deals, including:

  • XTO Energy's $31 billion sale to Exxon Mobil in 2009
  • Kinder Morgan's $21.1 billion takeover of the El Paso Corporation last year
  • Kerr-McGee's $16.5 billion sale to Anadarko in 2006

For further details, go to [Dealbook, 10/4/12] and our Who's News story, ["Barclays: Post-Libor Recovery"].