Finance

Barclays hires Adrian Beidas from UBS to co-head UK advisory unit


Barclays has hired a senior UBS dealmaker to co-head its advisory business in the UK.

Adrian Beidas has joined Barclays as co-head of advisory in the UK, the bank said in a statement — the latest senior dealmaker to land at the UK lender. He will join in October.

Beidas joins the bank from UBS, where he was a managing director within its UK investment bank. He will co-head Barclays’ UK advisory unit alongside Omar Faruqui, co-head of M&A for Europe, Middle East and Africa.

Barclays lost a number of senior dealmakers within its UK business last year, with Daniel Ross switching to Deutsche Bank to lead its UK investment bank, and Derek Shakespeare — Barclays’ former head of UK M&A — also making the switch to the German lender.

READ Barclays cuts analyst bonuses as dealmaking slows

Barclays has continued to unveil new investment banker hires in Europe, even as recruitment has slowed in recent months. Enrico Massaro is set to join Barclays as head of the consumer and retail group for Emea and it has also taken on Arif Vohra as co-head of its financial institutions group in the region from Bank of America.

Alisdair Gayne, head of UK investment banking at Barclays said that Beidas’s appointment will “accelerate the growth of our UK M&A business, providing value-add advisory services to clients”.

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

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