Barclays said to make three major equities trading hires in the U.S.
The hiring is still coming thick and fast at Barclays. Fresh from recruiting a team of five equity research analysts from SocGen in London, the British bank is understood to have hired three equities traders in the U.S. - two of whom are thought to be joining at managing director level.
Barclays hasn't confirmed the moves, which are said to include Mike Lewis from Morgan Stanley, and Andrew Rouff and Justin Kantrowitz from Credit Suisse. All three are thought to be joining in New York.
Neither Lewis nor Morgan Stanley responded to a query on Lewis's plans, but he is no longer present on the bank's switchboard. Similarly, Rouff and Kantrowitz didn't respond to LinkedIn messages, but have left Credit Suisse.
Headhunters and colleagues of three men said they're off to Barclays.
The moves look like a coup for Barclays as it builds out its equities business under global head Stephen Dainton, who joined after leaving Credit Suisse in July last year. Lewis began his equities career at Lehman Brothers in 1998 and had worked at Morgan Stanley for 12 and a half years; colleagues say he had a very high profile on the desk. Rouff joined Credit Suisse twenty years ago. Kantrowitz joined Credit Suisse from Bluecrest in 2015. He previously spent five years at Jefferies.
As we noted last week, Barclays' equities sales and trading business is having an exceptionally good 2018 after stocking up on staff, predominantly from Credit Suisse. The British bank has hired 30 managing directors across its markets division since the start of 2017, but is under pressure from activist investor Edward Bramson, who wants to withdraw capital from the investment bank and shrink or spin-off the trading unit.
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