LONDON (Reuters) – Barclays has appointed one of its most experienced mergers and acquisitions bankers, Pier Luigi Colizzi, to lead its investment banking business in continental Europe while giving him a seat on its European executive committee, according to a press release published on Wednesday.
Colizzi, who leads the M&A franchise in Europe, the Middle East and Africa, will retain his current responsibilities and lead the M&A team out of Milan where he recently relocated.
A 27-year veteran of investment banking, he joined Barclays in 2012 and has been instrumental in securing mandates on behalf of a wide range of clients, including energy company Enel and operators telecommunications companies Telenor and Masmovil.
“Barclays Europe aims to be a leading bank in continental Europe and Pier Luigi’s leadership skills, strong client relationships and strategic vision will help us achieve this goal,” said Francesco Ceccato, CEO of Barclays Europe. .
Colizzi’s appointment is part of a series of internal promotions as part of an overhaul of the investment bank’s management, aimed at making the most of a booming business.
Global mergers and acquisitions broke records for a second straight quarter this year, with deals worth $1.5 trillion announced in the second quarter as companies continued to borrow cheaply and spend their reserves of cash in transformative transactions to reposition in the post-COVID world.
The UK bank recently appointed Jean-Francois Astier and John Miller as co-heads of investment banking with Kristin Roth DeClark and Taylor Wright as co-heads of global capital markets.
Barclays has also revamped its Financial Institutions Group (FIG) following the departure of its co-head of EMEA technology, Ahsan Raza, to a senior role as chief financial officer of Calastone, a transaction network of Carlyle-backed investment fund, a source close to told the matter.
Barclays’ FIG director for Central and Eastern Europe (CEE), Greece and Turkey, Luca Maiorana, has been promoted to head the fintech banking franchise for EMEA, according to a memo seen by Reuters.
Maiorana, 36, is also in charge of asset management in the EMEA zone.
To bolster its fintech coverage, Barclays has poached Standard Chartered’s global head of fintech banking, Lucy Demery, who recently joined as managing director in London.
Its EMEA fintech team has dedicated bankers focusing on key areas where finance and technology converge, such as Alfonso Martinez and Rodolfo Pambianco covering exchanges and insurance technology respectively, while Marco Dell’Aria Burani handles Wealth Technology and Digital Banks Tihomir Kerkenezov.
Reporting by Pamela Barbaglia, editing by Louise Heavens