Barclays has announced the appointments of Scott McDavid as Global Head of Equities and Ronnie Wexler as Global Head of Equities Distribution.
Scott McDavid will join Barclays in September and will report to Adeel Khan, Co-Head of Global Markets. He joins from Morgan Stanley, where he was Co-Head of Equities Trading for Americas. In his role at Barclays, he will oversee and be responsible for equity allocations and prime management.
According to the Business Wire website, Wexler will join Barclays in June and will report to Stephen Dainton, Co-Head of Global Markets. Wexler joins from NYDIG, where he was Global Head of Business Development. Prior to NYDIG, he spent nearly 20 years at Goldman Sachs, where he was responsible for securities sales.
At Barclays, he will be responsible for expanding the client base and deepening client relationships through sales, trading, and research collaborations.
"We have made terrific progress in growing our Equities business over the last four years, including delivering £1 bn in incremental revenue and increasing market share by 150 bps between 2019-2022. Looking ahead, Scott and Ronnie will help us continue to evolve the business, execute our next set of priorities, and deliver our next phase of growth," said Stephen Dainton and Adeel Khan.
We previously wrote that Barclays would reduce its workforce.
Barclays is an international digital bank headquartered in London whose main advantage is high interest rates on savings. Bank clients can also link up to 25 accounts from other institutions to their Barclays user account and make free money transfers between them via a mobile app or use them for online and offline payments.
