Barclays has hired a Bank of America veteran to co-head its coverage of financial institutions in Europe after a number of departures over the past year.
Arif Vohra will join the UK lender as co-head of investment banking for financial institutions in Europe, the Middle East and Africa, the bank said in a statement.
Vohra has been with Bank of America, or Merrill Lynch which the bank acquired after the 2008 financial crisis, for over 20 years. In September, he moved to become chairman of Emea financial institutions at the bank. This was after a broader shake-up that saw his co-head of FIG in Emea, Giorgio Cocini, promoted to lead the unit globally.
At Barclays, Vohra will work alongside Enrique Pinel to lead its FIG team in Emea. This means the bank reverts to a co-head structure having installed Pinel as sole chief after the departure of Darren McKay to specialist boutique FT Partners in August last year.
Meanwhile, Ahsan Raza, who had led its coverage of financial technology, left to become chief financial officer of Calastone in July 2021.
Vohra joins in September and will report to Tim Main, who described him as a “highly respected FIG banker”.
In April, Barclays also hired Ed Skilton as global co-head of its insurance financial institutions group and head of the financial institutions group for the UK from Nomura.
FIG has remained an active area of recruitment in the City despite a broader slowdown in dealmaker recruitment. Credit Suisse hired Kristian Triggle from RBC Capital Markets in February as it rebuilds its FIG team after a spate of departures while JPMorgan took on Chetan Singh, who is set to join the US bank in June as co-head of its financial institutions group for Emea in May.
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