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Updated on June 27, 2022 1:18 am

Barclays names Ihsan Essaid co-head of worldwide M&A

© Reuters. A department of Barclays Financial institution is seen, in London, Britain, February 23, 2022. REUTERS/Peter Nicholls

(Reuters) – Barclays (LON:) appointed Ihsan Essaid as co-head of its international mergers and acquisitions enterprise, in line with a memo seen by Reuters on Thursday.

Essaid is a veteran of about three a long time within the funding banking business, has principally labored throughout the media and telecoms sectors, in accordance the memo.

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

A Barclays spokesman confirmed the contents of the memo.

Barclay’s international M&A enterprise had a document yr in 2021, exceeding its prior all-time-high revenues by greater than 25%, the memo mentioned.

International M&A volumes topped $5 trillion for the primary time ever in 2021, comfortably eclipsing the earlier document of $4.55 trillion set in 2007, in line with Dealogic information. Funding bankers count on the dealmaking frenzy to proceed effectively into subsequent yr.

Final month, Barclays mentioned its funding financial institution delivered its strongest ever revenue of 5.8 billion kilos, due to a 34% improve in charges from advising on offers similar to mergers and fundraising.

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