Report: Barclays losing M&A bankers to Rothschild

Barclays Sign

Barclays lost three senior mergers and acquisitions bankers to Rothschild in recent weeks according to reports.

Bloomberg News reports that James Ben, Peter “P.J.” Moses and David Baron each left Barclays for Paris-based Rothschild, said sources, who asked not to be named because the departures haven’t been announced.

Andrew Taussig, formerly head of retail M&A at London-based Barclays, left in February and later joined Guggenheim Partners, with at least four colleagues following.

Some Barclays employees have departed as it reorganises and attempts to navigate concerns tied to compensation and tougher regulatory scrutiny of European lenders. Barclays almost lost several U.S. energy investment bankers this year because of those issues, people familiar with the matter said this month.

Representatives for Barclays and Rothschild declined to comment. Barclays sank 0.4% to 284.30 pence in London trading.

To access the complete Bloomberg article hit the link below

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