Barclays Lures Large Analyst Team From SocGen
- Lender building research unit in response to MiFID II rules
- U.K. bank lost some analysts who set up own firms last year
Photographer: Simon Dawson/Bloomberg
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Barclays Plc, one of Europe’s biggest investment banks, hired a team of equity analysts from rival Societe Generale SA as Chief Executive Officer Jes Staley seeks to make more money from trading stocks.
Warren Ackerman has joined from the French bank as head of European consumer equity research along with Michael Sanderson, who will be Barclays’s co-head of diversified financial research, the London-based lender said in a statement. Four other analysts are also leaving for the U.K. bank.