Barclays picks industrials banker Grabos to co-lead Americas M&A

BARCLAYS has promoted senior industrials banker Dan Grabos as co-head of its mergers and acquisitions (M&A) group in the Americas, according to a statement.  

He will help to run the business with incumbent head Larry Hamdan. Grabos will continue to act as co-head of industrials M&A, according to a statement reviewed by Bloomberg News. 

The bank also elevated Jonathan Gerst, a managing director focused on industrials deals, to co-head of industrials M&A alongside Grabos.  

“Creating new leadership opportunities for our next generation of bankers is a key priority for us, and is essential to growing our market share across all industry verticals,” Ihsan Essaid, the bank’s co-head of global M&A, wrote in the statement.

Barclays has in recent months filled several senior jobs, after a reshuffling of top leaders in its investment bank contributed in part to what chief executive officer CS Venkatakrishnan described in June as “higher-than-usual” attrition of staff. Grabos replaces Jeff Hinton, who left the firm in April. 

The London-based bank has hired more than 20 bankers in its investment bank since the beginning of the year, and has been focused on improving its share of the market. BLOOMBERG