Barclays has appointed new heads for its investment banking division, while Kirkland & Ellis has hired a partner from Latham & Watkins, according to Financial News London.
Barclays Leadership Changes
Barclays named Cathal Deasy and Stephen Dainton as global co-heads of investment banking, the bank confirmed in a memo seen by Financial News. Deasy and Dainton will succeed Paul Compton, who is stepping down after four years in the role. The appointments are effective immediately.
Deasy previously led Barclays' investment banking coverage in Europe, the Middle East, and Africa. Dainton was head of investment banking in the Americas. Both will report to Tim Throsby, Barclays' president of global markets and investment banking.
Kirkland & Ellis Hires from Latham
Kirkland & Ellis has hired partner David B. Harms from Latham & Watkins, according to a statement from the firm. Harms specializes in mergers and acquisitions and private equity transactions. He will be based in Kirkland's New York office.
Harms advised on transactions worth more than $100 billion during his tenure at Latham, according to the firm. His practice focuses on cross-border M&A and complex corporate transactions.
Impact on the Legal and Banking Sectors
The moves come amid a competitive hiring environment for both investment banks and law firms. Barclays' leadership change aims to strengthen its investment banking operations globally, while Kirkland's addition of Harms bolsters its M&A and private equity capabilities.
Financial News London reported that the appointments reflect ongoing reshuffling in the financial and legal sectors as firms seek to adapt to market conditions.
