Finance

Barclays hires Credit Suisse dealmaker as European push continues

Barclays has poached a senior dealmaker from Credit Suisse to lead its industrials mergers and acquisitions unit in Europe, as the UK lender continues to bolster its team of bankers in the region.

Davide Sala has joined as a managing director and head of industrials M&A for Europe, the Middle East and Africa, Barclays said in a statement. He will work with Asim Mullick and Richard Probert, co-heads of industrials investment banking.

Sala is a 22-year veteran of Credit Suisse and his departure is yet another long-serving dealmaker exit at the Swiss bank, which has struggled to stem an exodus of talent as it reels from the twin crises of the collapse of Archegos Capital and its ties with supply chain finance firm, Greensill Capital.

READ Barclays unveils raft of changes to top of investment bank

Credit Suisse has lost at least 20 senior dealmakers globally over the past six months, including a team of six financial institutions investment bankers to Jefferies in Europe. In Europe, Matias Brechner, a senior banker in its financial sponsors team, is set to join Citigroup as head of M&A in its alternative asset managers unit, Financial News reported. Max Mesny, a senior financial institutions banker is also leaving to join Perella Weinberg.

Barclays, meanwhile, has made a string of senior appointments in Europe, as well as shaking up the upper ranks of its investment bank as it looks to challenge Wall Street rivals.

It has hired Ingrid Hengster as country CEO for Germany and global chair of investment banking and Laurent Meyer as vice chairman for investment banking in Europe. Anthony Samengo-Turner joined as as head of M&A for Germany, Austria and Switzerland, while Gauthier Le Milon is its new head of M&A in France, Belgium and Luxembourg and Pat Guerin was hired as head of TMT M&A for Emea.

READ Credit Suisse offers pay hikes to keep senior bankers as more depart in wake of Archegos

Sala will join in November and will report into Pier Luigi Colizzi, head of investment banking for  continental Europe, and its co-head of M&A for Emea and Omar Faruqui, who co-heads M&A at Barclays in the region.

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

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