Barclays has announced the new face of its European Bond Syndicate, promoting longtime executive Marco Baldini as its newest head, part of an ongoing shuffle of the lender’s fixed income unit, according to a Reuters report.
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Mr. Baldini returned to Barclays six years ago, having since worked at its European debt syndicate desk. In his new role as the head of the unit, he will be reporting to Barclays’ Jonathan Brown, co-head of Global Investment-grade Syndicate. In this capacity he will be tasked with running Barclays’ collective European corporate and rates syndicate, whilst absorbing the responsibilities of the financial institutions group.
In addition to the promotion, Barclays’ John Wright will now be tasked with the FIG syndicate, reporting to Baldini. The appointment is the culmination of a succession plan, following the shifting responsibilities of Mark Geller, who stepped in as the deputy head of financial institutions Debt Capital Markets (DCM) for Europe, Middle East, and Africa (EMEA) earlier this month.
Barlcays has been in the midst of a personnel shift, like many of its other lending counterparts in the industry. Earlier this year, Barclays axed upwards of 1000 investment jobs in London, New York, and Asia.