Barclays appoints Omar Faruqui as Co-Head of M&A EMEA
Barclays announced changes to its M&A team covering Europe, the Middle East and Africa (EMEA).
Omar Faruqui will become Co-head of M&A for EMEA, alongside Pier Luigi Colizzi, Co-head of M&A for EMEA, who was recently appointed to an expanded role as Head of Investment Banking for Continental Europe. Since joining Barclays in 2018, Omar has co-led the UK M&A business, which currently holds a #3 ranking.
Derek Shakespeare is appointed Chairman of UK M&A. Derek, who has been co-leading the UK M&A business alongside Omar, will use his extensive experience to further enhance Barclays’ M&A dialogue with UK clients. In addition to his role as Chairman, Derek retains responsibilities as Head of FIG M&A for EMEA.
Pat Guerin is appointed Head of TMT M&A for EMEA. Pat has led numerous transactions for sell-side technology and media clients since he joined Barclays in 2016.
Reid Marsh, Head of Investment Banking for Europe, Middle East and Asia Pacific, and Gary Posternack, Global Head of M&A, commented: “These appointments reflect our focus on EMEA and, in particular, the M&A opportunity in the region. Our business has grown significantly in recent years, and these senior promotions will put us in a stronger positon to further strengthen our business and provide best-in-class M&A advice to our clients.”
Barclays also recently announced the appointment of Anthony Samengo-Turner as Head of M&A for Germany, Austria and Switzerland, and Gauthier Le Milon as Head of M&A for France, Belgium and Luxembourg.
Barclays appoints Tim Devine as Co-Head of Financial Institutions Group (FIG) M&A
Barclays announces the appointment of Tim Devine as a Managing Director and Co-Head of Financial Institutions Group (FIG) M&A. Mr. Devine will be based in Chicago, and will report to Tim Main, Global Head of FIG Banking, and Larry Hamdan, Head of M&A Americas.
Mr. Devine joins Barclays with over twenty-five years of experience in investment banking, most recently as Head of Specialty Finance in the Americas within FIG Banking at Credit Suisse. Prior to joining Credit Suisse in 2011, Mr. Devine was a Managing Director and founding member of the FIG team in Citadel’s investment bank, where he worked until 2009. Mr. Devine started his banking career in 1996 at Salomon Brothers, which ultimately became part of Citigroup. During his thirteen years at Citigroup and its predecessor institutions, Mr. Devine’s primary focus was on the Insurance sector and specialty finance.
Mr. Devine has led the origination and execution of a number of high-profile transactions during his career. These include advising Ocwen in connection with Oaktree’s $250mm holding company investment and $212mm investment in a limited partnership to invest in mortgage servicing rights, advising American Capital on its $4.1bn sale to Ares Capital and related entities, advising PHH Corporation on its sale of assets to four counterparties and ultimate holding company sale to Ocwen, performing the role of lead bookrunner on a $3.5bn common equity and mandatory convertible raise for SLM Corporation, and advising a Cerberus-led consortium on its $7.1bn acquisition of 51% of GMAC from General Motors.
“Tim is an outstanding addition to our team, and his partnership will ensure that we continue to build upon the already strong momentum in our Financial Institutions Group,” said Tim Main, Global Head of FIG Banking at Barclays. “His proven leadership capabilities and extensive experience will further enhance our abilities to provide best in class strategic advice and execution.”
“Tim’s extensive transactional expertise, long-established relationships, and deep sector knowledge will generate considerable value for our clients,” added Gary Posternack, Global Head of M&A at Barclays. “His appointment is further evidence of our commitment to operating a top-tier FIG M&A franchise.”
Mr. Devine will start at Barclays in August 2021. His appointment follows that of Alex Lynch as Chairman of Banking within Barclays Investment Bank in May of last year, the appointment of Gautam Chawla as Vice Chairman in FIG Banking in June, and the appointment of Craig Stine as Vice Chairman in Global FIG Banking in July 2020.
Willis Re names James Moss as co-head of Specialty Casualty business
Willis Re, the reinsurance broking arm of Willis Towers Watson (WTW), has announced the appointment of James Moss as co-head of its Specialty Casualty practice.
Moss joins from Lockton Re, where he was a partner and head of International P&C reinsurance. Before joining Lockton in 2012, he was a senior vice president in Guy Carpenter’s London market casualty team. He began his career at R K Carvill & Co.
He will work in tandem with Chirag Shah to lead Willis Re Specialty’s Casualty strategy in London and he will report to Andy Law, Managing Director and Head of Specialty P&C.
“I am delighted to be joining Willis Re and look forward to working with their market leading Casualty team, offering clients fresh thinking and true innovation in an evolving risk landscape,” said Moss.
Shah also commented: “James brings a wealth of Casualty expertise to our team. His leadership will only strengthen our ability to deliver thoughtful insight and value to our clients and on behalf of our Casualty team, I’m excited to welcome him to Willis Re.”
“We are delighted to welcome a leading market figure like James to the team,” added Graeme Moore, Chief Executive Officer at Willis Re Global Specialty.
“His extensive experience will be an invaluable asset as we continue to enhance our offering in this sector. His appointment is a testament to Willis Re Global Specialty’s ability to attract the best talent in the industry.”