Barclays has promoted JF Astier and John Miller to lead its investment bank, as part of a new management team to oversee the business. The bank said the team, which will also include the heads of divisions such as human resources, compliance, legal, and risk, will help its decision-making to be more globally consistent and strategic.
Astier was previously global head of capital markets and mergers and acquisitions, while Miller was global head of coverage investment banking. The British bank also said its co-heads of equity capital markets for the Americas, Kristin Roth DeClark and Taylor Wright, will become global co-heads of the overall capital markets business. Barclays’ investment bank has enjoyed a strong run in recent quarters, as volatile markets during the pandemic led to frenzied trading, while companies have raised record amounts through blank-cheque investment funds and stock listings.