Barclays Hires Ex-Credit Suisse Banker Stephen Dainton as New Equities Head

Barclays PLC (BARC:London) has grabbed another top banker from Credit Suisse in the latest in a series of high-profile defections from the Swiss giant to the British lender.

The London Summit 2017 is coming, get involved!

The London-based bank announced today that Stephen Dainton will join the lender as global head of Equities Equities Equities can be characterized as stocks or shares in a company that investors can buy or sell. When you buy a stock, you are in essence buying an equity, becoming a partial owner of shares in a specific company or fund.However, equities do not pay a fixed interest rate, and as such are not considered guaranteed income. As such, equity markets are often associated with risk.When a company issues bonds, it’s taking loans from buyers. When a company offers shares, on the other hand, it’s selling pa Equities can be characterized as stocks or shares in a company that investors can buy or sell. When you buy a stock, you are in essence buying an equity, becoming a partial owner of shares in a specific company or fund.However, equities do not pay a fixed interest rate, and as such are not considered guaranteed income. As such, equity markets are often associated with risk.When a company issues bonds, it’s taking loans from buyers. When a company offers shares, on the other hand, it’s selling pa Read this Term where he will oversee the trading business including product management, distribution, Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term management and market structure.

He will be based in the City and report to Tim Throsby, president of Barclays International and chief executive of the corporate and investment bank, effective next month.

Prior to this post, Stephen spent 14 years at Credit Suisse, most recently as co-head of global markets for the Europe, Middle East and Africa (EMEA) region. He stepped down in January, just over 10 months into the job after his unit racked up $1 billion in trading losses that forced the Zürich-based lender to beef up the business with new hires.

Dainton has over 25 years of experience and his career encompasses senior roles including overseeing equities, running global credit products and helping head global securities and the fixed-income department. He also led Credit Suisse's global markets equities business in Britain since 2005.