Finance

Barclays’ co-head of FIG Darren McKay departs for boutique FT Partners

Barclays’ top financial institutions banker in Europe has left the UK lender to join a boutique specialising in financial technology. 

Darren McKay, who was appointed as the co-head of financial institutions group for Europe, the Middle East and Africa at Barclays in September last year, has departed and is set to join FT Partners in a senior role, according to people familiar with the move.

McKay will be one of the bank’s most senior dealmakers in the region, which has around 15 employees in Europe and will join in October. FT Partners and Barclays were contacted for comment.

FT Partners focuses purely on fintech and recently advised Revolut on its $800m fundraising, which values the firm at $33bn. It also advised Dutch payments firm, Mollie in its $800m capital raise in July, which put the company at a $6.5bn valuation.

READ Barclays unveils raft of changes to top of investment bank

McKay departs Barclays after more than 21 years, having joined the UK lender as a graduate. He moved into its FIG team in 2018 when at least 10 senior dealmakers transferred across from Barclays’ corporate development functions. 

Barclays has named Enrique Piñel as sole head of its financial institutions group in Emea. The moves follow the departure of Ahsan Raza, who is leaving Barclays to join investment funds transaction network, Calastone, as chief financial officer.

Luca Maiorana, who leads its asset management coverage, has also recently been promoted to head of fintech banking in Emea, while Lucy Demery was hired from Standard Chartered as a managing director covering the sector.

READ Barclays names new capital markets leaders in latest shake-up

Barclays has been shaking up the senior ranks of its investment bank in recent months. It named Jean-Francois ‘JF’ Astier and John Miller as co-heads of investment banking and created a new management team of 11 senior dealmakers in July. Pier Luigi Colizzi, who was head of mergers and acquisitions for Emea at Barclays, was also promoted to head of investment banking for continental Europe.

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

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