Barclays has promoted 85 managing directors within its corporate and investment bank, the same number as last year despite tougher times for dealmakers.
The UK lender unveiled its new managing directors, a coveted role that comes with a hefty pay rise and an increase in responsibility.
Barclays promoted 85 MDs last year and 84 in 2020. This was up from just 56 in 2019.
Paul Compton, global head of the corporate and investment bank at Barclays, said the new MDs “play a critical role in helping us deliver on our ambitious growth plans across the global corporate and investment bank”.
Citigroup and Credit Suisse will also promote a new class of managing directors in December.
Goldman Sachs unveiled 80 new partners in its biennial promotion round, the largest class for eight years including 21 in Europe.
Here’s the list of Barclays’ latest MDs:
Paul Van Baars
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