LONDON, July 21 (Reuters) - Barclays has elevated one of its most senior M&A bankers, Pier Luigi Colizzi, to lead its investment banking business in continental Europe while also giving him a seat on its Europe executive committee, according to a statement on Wednesday.
Colizzi, who heads the M&A franchise in Europe, the Middle East and Africa, will retain his current responsibilities and lead the M&A team out of Milan where he recently relocated.
A 27 year-old investment banking veteran, he joined Barclays in 2012 and has been instrumental in winning mandates on behalf of a wide range of clients including energy firm Enel and telecom operators Telenor and Masmovil.
His appointment comes amid a flurry of investment banking activity with deals worth $1.5 trillion announced globally in the second quarter - an all-time record for the second consecutive quarter with European M&A up 50% to $293 billion.
The move is also part of a series of internal promotions with the British bank recently appointing Jean-Francois Astier, head of global capital markets, and John Miller, head of global client coverage, as its new co-heads of investment banking.
Barclays has also reshuffled its financial institution group (FIG) following the departure of its EMEA technology co-head Ahsan Raza who is taking on an executive job as chief financial officer of Calastone, an investment funds transaction network backed by Carlyle, a source familiar with the matter said.
Barclays’ head of FIG for central and eastern Europe (CEE), Greece and Turkey, Luca Maiorana, has been promoted to head THE fintech banking FRANCHISE for EMEA, according to a memo seen by Reuters.
Maiorana, 36, is also in charge of asset management across EMEA.
To strengthen its fintech coverage Barclays has recently poached Standard Chartered’s global head of fintech banking, Lucy Demery, who recently joined as a managing director in London. (Reporting by Pamela Barbaglia, editing by Louise Heavens)