Barclays Capital’s new European M&A co-head Warham was most recently chairman of UK investment banking at Morgan Stanley, a post he took in 2007. Ponsonby joins from Citigroup, where he was a global co-head of infrastructure investment banking.
The firm is already “gaining market share” as it takes advantage of market dislocations, said Parker, who has more than 23 years of experience in M&A and advised on major telecommunications deals, including Cingular Wireless’ acquisition of AT&T Wireless Services in 2004.
Barclays has so far avoided taking money from the UK government by boosting capital through stock and asset sales after US$18.6 billion of credit losses and writedowns during the global financial crisis. All the firm’s major US competitors, including New York-based JPMorgan Chase and Goldman Sachs, have taken bailout money.
Mergers and acquisitions, down about 35 percent so far this year, will pick up as markets stabilize, said Parker, who expects to see deals in natural resources, including metals, mining and minerals, as well as power and infrastructure.
“We’ll start to come out of it,” Parker said. “We expect activity to pick up meaningfully in the fall.”
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