Barclays snags Deutsche FIG rainmaker

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Barclays’ investment bank has achieved a major coup by poaching one of the City’s most prominent financial institutions group (FIG) bankers.

Mike Lamb, who joined Deutsche Bank in 2006 as a managing director within its European global FIG division, signed up to Barclays earlier this month. He is a major player in the City FIG market, with particular expertise in the insurance sector.

Lamb has a wealth of experience and has worked in corporate finance for over 20 years. Prior to joining Deutsche Bank, he was managing director in the FIG group at Dresdner Kleinwort.

He has been on gardening leave since August, but formally joined Barclays on the 18 November.

In February, Barclays reorganised its FIG division to combine investment banking, global finance, FIG and financial solutions into one group co-headed by Richard Boath and Ben Davey.

We understand that there are no plans to replace Lamb directly, but Tadgh Flood, who was promoted co-head of investment banking coverage and advisory will assume some of Lamb’s insurance coverage duties.

Deutsche has been hiring for its insurance focused FIG outside of the UK. In October, Gary Antenberg joined as co-head of global insurance investment banking coverage, based out of New York, along with Bill Nichol, who is based in Hong Kong.

Barclays and Deutsche Bank declined to comment.

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