NEW YORK, Could 16 (Reuters) – Ed Wehle, a senior Barclays Plc (BARC.L) know-how banker, has resigned to hitch U.S. rival Citigroup Inc (C.N) in New York, based on an inside memo seen by Reuters, including to an exodus of high funding bankers from the London-based financial institution.
An funding banking veteran of almost three a long time, Wehle will be part of Citigroup as its world head of know-how companies, Mark Keene, Citigroup’s world head of know-how funding banking, wrote within the memo to workers on Tuesday.
“Know-how companies enhances Citi’s unparalleled world shopper place, and Ed will work carefully with companions in Asia, EMEA and Latin America,” stated Philip Drury, world head of know-how & communications banking, capital markets & advisory at Citi.
Barclays declined to remark.
The transfer marks a return to Citigroup for Wehle, the place he spent most of his profession. He was beforehand head of worldwide know-how companies banking at Barclays, which he had joined in 2018 from Deutsche Financial institution AG (DBKGn.DE). He joined Salomon Brothers in 1994, which subsequently turned a part of Citigroup.
Reuters reported on Monday that no less than seven high Barclays know-how, media and telecommunications (TMT) bankers have resigned to hitch UBS Group AG (UBSG.S) within the U.S. in the previous couple of days. They adopted a trio of Barclays U.S. bankers who decamped for UBS in April.
Reporting by Milana Vinn in New York; Enhancing by Daniel Wallis
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