Barclays Capital, the investment banking division of UK-based Barclays, has completed the integration of the North American businesses of Lehman Brothers acquired in September 2008.
As the final step in the integration, Barclays Capital has strengthened the leadership of the expanded firm by promoting eight senior managing directors to its executive committee.
Barclays Capital said that the integration of Lehman Brothers’s North American businesses into the company has established leading Barclays Capital businesses in equities, research, and mergers and acquisitions (M&A) and further strengthened its existing advisory, risk management and financing activities. Barclays Capital has already started to build out its equities and M&A franchises in Europe and Asia to complement its leading position in these businesses in the U.S., added Barclays Capital.
Bob Diamond, president of Barclays, said: The completion of the integration is a significant milestone for our clients, shareholders and employees, four months after announcing the acquisition. Our clients now have the benefit of a fully integrated investment bank able to offer the full array of risk management, financing and advisory products.
The addition of eight exceptionally talented leaders to the executive committee gives us a leadership team to match the scale and reach of our integrated firm. This allows us to continue to provide the highest levels of service to our clients.
