Barclays technology banker joins Citigroup
Reuters
Published May 16, 2023 04:17PM ET
Updated May 16, 2023 05:11PM ET
By Milana Vinn
NEW YORK (Reuters) -Ed Wehle, a senior Barclays (LON:BARC) Plc technology banker, has resigned to join U.S. rival Citigroup Inc (NYSE:C) in New York, according to an internal memo seen by Reuters, adding to an exodus of top investment bankers from the London-based bank.
An investment banking veteran of nearly three decades, Wehle will join Citigroup as its global head of technology services, Mark Keene, Citigroup's global head of technology investment banking, wrote in the memo to employees on Tuesday.
"Technology services complements Citi’s unparalleled global client position, and Ed will work closely with partners in Asia, EMEA and Latin America," said Philip Drury, global head of technology & communications banking, capital markets & advisory at Citi.
Barclays declined to comment.
The move marks a return to Citigroup for Wehle, where he spent most of his career. He was previously head of global technology services banking at Barclays, which he had joined in 2018 from Deutsche Bank AG (NYSE:DB). He joined Salomon Brothers in 1994, which subsequently became part of Citigroup.
Reuters reported on Monday that at least seven top Barclays technology, media and telecommunications (TMT) bankers have resigned to join UBS Group AG (SIX:UBSG) in the U.S. in the last few days. They followed a trio of Barclays U.S. bankers who decamped for UBS in April.
Get The News You Want
Written By: Reuters
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.