Barclays Shift IB Focus to Retail Sectors
(06 July 2020 – United Kingdom) Barclays have shifted their Investment Banking (IB) focus to consumer retail sectors where businesses have been the most adversely impacted by the coronavirus pandemic.
The bank has promoted Jamshed Kakalia to manage its investment banking for consumer retail sectors throughout Europe, Middle East and Africa (EMEA). He will relocate from New York to London to manage this new role.
“These are unprecedented times for our consumer and retail clients” commented Barclays Head of Consumer Retail Group, Lowell Strug
“The total value of Mergers and Acquisitions (M&A) within the consumer retail sectors have fallen dramatically throughout this year. However, banks could benefit from business unit disposals from big retail brands planning to rid underperforming subsidiaries” commented East & Partners Europe Market Analyst, Pierre Sokoya.