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

(Reuters) – Barclays (LON:) appointed Ihsan Essaid as co-head of its global mergers and acquisitions enterprise, in accordance to a memo observed by Reuters on Thursday.

Essaid is a veteran of about three many years in the expense banking sector, has principally labored throughout the media and telecoms sectors, in accordance the memo.

Essaid, who was earlier with the Credit Suisse (6:) team, will guide the M&A group with Gary Posternack.

A Barclays spokesman verified the contents of the memo.

Barclay’s world M&A small business experienced a record year in 2021, exceeding its prior all-time-substantial revenues by extra than 25%, the memo claimed.

Worldwide M&A volumes topped $5 trillion for the first time ever in 2021, easily eclipsing the prior history of $4.55 trillion established in 2007, in accordance to Dealogic info. Financial commitment bankers expect the dealmaking frenzy to carry on effectively into up coming year.

Last thirty day period, Barclays explained its financial investment lender shipped its strongest at any time earnings of 5.8 billion lbs, thanks to a 34% improve in costs from advising on specials this sort of as mergers and fundraising.