LONDON Reuters - Barclays has promoted Luca Maiorana to lead its financial institutions group FIG across Europe, the Middle East and Africa as part of its efforts to deepen its ties with key clients who are struggling with the financial markets turmoil. Maiorana, who heads Barclays' Fintech and Asset Management franchise, will be co-head of EMEA FIG investment banking and will share responsibilities with Enrique Pinel, who has been in charge of the business since 2020, according to a memo seen by Reuters. The bank's senior dealmakers are trying to boost revenues and tighten relationships with large European corporate clients, and the move comes amid a broader reshuffle of the bank's senior dealmakers.
Barclays chose FIG veteran Tim Main as its investment banking boss in the EMEA on Tuesday, while former Bank of America banker Arif Vohra replaced Main as global co-head of FIG and Reid Marsh became global chairman of investment banking. Maiorana, born in Italy, has been focused on the financial services industry since starting his career at HSBC in 2006. He joined Barclays in 2010 after a 2 year stint at Rothschild, where he worked primarily with Italian clients, including the insurer Generali. He rose through the ranks and advised on a number of deals involving Greek banks such as Eurobank and the National Bank of Greece, as well as their efforts to raise cash and sell assets.
He became head of FIG for emerging Europe, which includes Central and Eastern Europe as well as Greece and Turkey, and worked on Metlife's disposal of its insurance business in Poland among other deals. He spearheaded the bank's fintech and asset management coverage, advising companies including Moneyfarm on its fundraising plans.
He will work closely with Barclays' global co-heads of FIG investment banking, Joel Fleck and Arif Vohra in his new role.