Barclays investment bank is between CEOs. It's in the grips of an executive chairman with a reputation for cutting costs who may, or may not, lop limbs off the investment bank. The prognosis for the second quarter is not great. And people are leaving - despite being promoted. Nonetheless, Barclays IS HIRING.
As we reported earlier this week, Barclays is actually hiring quite a lot. And it's not just IBD. Barclays has also been hiring for its less well-loved fixed income, currencies and commodities (FICC) division. Since July 1st, the UK's Financial Conduct Authority (FCA) Register shows the addition of Gordon Craib, a senior FX options trader who spent nine years at Goldman Sachs. Barclays has also hired Andrew Kos, a quantitative analyst in model validation from Credit Suisse. It's hired Ulrik Silberg, a fixed income sales person from Danske Bank Markets. It's hired Richard Smither, a risk specialist in prime finance from Scotia Capital. And it's hired Tessa Orlebar , a swaps trader who previously worked for Rothschild and Dimensional Fund Advisors.
“We have made a number of hires in EMEA since over the last 12 months, which are shaping our banking franchise to help the accelerate the execution of our strategy,” says a spokesman for the bank. Based on recent appointments, that strategy isn't just about building up the advisory business.