Barclays hires Citigroup’s Baumann to lead German investment bank

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Barclays has hired Citigroup’s head of investment banking for Germany as the British lender bolsters its European presence.

Sven Baumann has joined Barclays as head of investment banking for Germany, Austria and Switzerland, the bank said in a statement. He has spent the past seven years at Citigroup, where the chief most recently headed its trading unit in Europe’s largest economy and previously worked at Bank of America.

Barclays has bolstered its workforce in Germany, poaching senior bankers from rivals as part of a wider expansion of its investment bank on the continent. Ingrid Hengster joined this month as the new managing director for Germany, while Anthony Samengo-Turner was hired from Greenhill & Co in April last year as head of mergers and acquisitions for the German-speaking countries.

READ Barclays unveils a series of changes at the head of the investment bank

Baumann will join Barclays in April and report to Pier Luigi Colizzi, who was promoted to head of investment banking for continental Europe at the bank in July. In a statement, Colizzi said Germany “represents an important opportunity for Barclays”.

Last year, Barclays unveiled a series of senior appointments in Europe. Laurent Meyer has been hired as vice president of investment banking in Europe, while Gauthier Le Milon has joined as the new head of mergers and acquisitions in France, Belgium and Luxembourg and Pat Guerin has was hired as Head of TMT Mergers & Acquisitions for the Emea region.

To contact the author of this story with comments or news, email Paul Clarke

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