Citigroup has hired a 20-year veteran of JPMorgan to bolster its UK dealings team as it continues to recruit senior traders in the country.
According to a memo seen by Financial News. It will start later in September.
Weir led various sector teams at JPMorgan, including industrials, energy, metals and mining, and real estate, the memo said. He was also previously responsible for UK mergers and acquisitions within the bank.
“Barry’s appointment is another step forward as we move forward with our ambitions to expand our franchise and footprint in banking, capital markets and advisory coverage in the UK and Europe,” the memo said. from James Fleming, Head of Banking, Capital Markets and Advisory in the UK and Ireland.
Citigroup has bolstered the top ranks of its UK investment banking unit as part of its broader plans to achieve the top spot in Europe, the Middle East and Africa.
LILY Citigroup targets UK and Ireland growth amid ‘frantic’ deal boom
In March, he hired Richard Abel as managing director at his UK business brokerage franchise, following senior appointments James Ibbotson and Simon Lindsay last year.
Fleming, who took over the reins of Citi’s investment banking business in the UK and Ireland in July last year alongside Jan Skarbek, said FN last August that the bank was aiming for a top three spot in investment banking rankings on a “consistent basis” and looking to hire the best dealmakers.
Fleming was named sole head of the unit in August after Skarbek left amid an investigation into alleged inappropriate comments to a female colleague while on a work trip.
To contact the author of this story with comments or news, email Paul Clarke