Trading Places: Compton takes IB reins at Barclays, BNP Paribas lands ECM banker

Here’s this week’s roundup of who is changing jobs at the top of the City.

Barclays named Paul Compton as the sole leader of its investment bank after co-head CS Venkatakrishnan was promoted to chief executive. The moves followed the sudden departure of Jes Staley, who left the bank amid a probe into his relationship with convicted sex offender Jeffrey Epstein.

BNP Paribas poachedTom Snowball from UBS to lead its equity capital markets business in the UK. The French bank’s ECM team is building up under Andreas Bernstorff, who leads the unit in Europe, the Middle East and Africa, and has ambitions to become a top-three player in the region over the next five years.

Credit Suisse has hired or promoted 45 senior dealmakers in key markets this year after a spate of departures in the wake of the Archegos crisis. In the US, the most recent recruit is Eric Francois, who will focus on biotechnology and joins from pharma firm Scynexis, one of 13 managing director hires in the country this year including Centerview dealmaker Mark Filenbaum, who returned to Credit Suisse in September after a four-year hiatus.

JPMorgan also strengthened its ECM team, hiring a new head of German-speaking countries. Thorsten Zahn, who joins from Goldman Sachs and previously worked at Morgan Stanley, will be based in London and report to Stefan Weiner.

The US lender hired a senior executive from BNP Paribas this week as well. Neven Graillat will lead the new Global Markets Sustainability Center within JPMorgan’s sales and trading business, another sign of increasing demand for environmental, social and governance-related products.

D’Angelin & Co, a boutique adviser with some 12 employees that works on multi-billion dollar deals alongside other banks, promoted Alessio Pieri to partner. He joins founder Benoit D’Angelin and Laurent Clarenbach at that level, and is the first new partner since the firm was started five years ago by the former head of European investment banking at Lehman Brothers.

Close Brothers Asset Management appointed Paul Spann as an investment director in its Manchester office. He will report to managing director Paul Clements. Spann has 15 years’ experience in wealth management, including stints at Brown Shipley, Coutts and HSBC.

Law firm Clifford Chance said that Neil Evans will start at the company in January as a private equity partner in London. He joins from Mayer Brown’s PE practice. Having begun his career at Clifford Chance, Evans said the move “feels like coming home”.

Finally, Apollo Global Management hired former Amazon executive Carletta Ooton to lead its ESG private equity work. She will also be an operating partner at Apollo’s portfolio performance solutions group to help companies integrate ESG into their operations.

To contact the author of this story with feedback or news, email Brian Swint

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