Most recently, at Q1 2023 CIB income of £3,976m (Q122: £3,938m) represented the best Q1 on a comparable basis*, reflecting strong performance in FICC, particularly Credit, as well as Financing within Global Markets, Transaction Banking, and Investment Banking Advisory. With a diversified business model, the CIB is delivering strong and sustainable results through the cycle, and as the largest revenue contributor, Global Markets is key to this success. The Corporate and Investment Bank is central to the growth and performance of Barclays.
Looking ahead, Scott and Ronnie will help us continue to evolve the business, execute our next set of priorities, and deliver our next phase of growth.” “We have made terrific progress in growing our Equities business over the last four years, including delivering £1bn in incremental revenue and increasing market share by 150bps between 2019-2022. Stephen Dainton and Adeel Khan, Co-Heads of Global Markets, commented: Their appointments reflect Barclays ambition for the Equities business, and broader aspirations within Global Markets and the Corporate and Investment Bank. Together, Scott and Ronnie bring to Barclays a unique blend of leadership, expertise and vision, and a demonstrated track record of executing against strategy and delivering outstanding client outcomes. Ronnie will be responsible for growing Barclays Equities client franchise and deepening client relationships through collaboration across sales, trading and research. Prior to NYDIG, he spent close to 20 years at Goldman Sachs where he held several leadership positions across Securities Division Distribution.
He joins Barclays from NYDIG where he has served as Global Head of Business Development. Ronnie will join Barclays in June, reporting to Stephen Dainton, Co-Head of Global Markets, and be based in New York. In this role, Scott will lead the Barclays Global Equities team and have oversight and responsibility for Equities Distribution and Prime. He joins Barclays after close to 20 years at Morgan Stanley where he was most recently Co-Head of Equities Trading for Americas. Scott will join Barclays in September, reporting to Adeel Khan, Co-Head of Global Markets, and be based in New York. NEW YORK-( BUSINESS WIRE)-Barclays today announces the appointment of Scott McDavid and Ronnie Wexler as Global Head of Equities, and Global Head of Equities Distribution respectively.
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