Barclays has appointed Scott McDavid, a veteran of Morgan Stanley, as its new global head of equities. Ronnie Wexler has also been appointed as global head of equities distribution. McDavid will join Barclays in September and report to Adeel Khan, co-head of Global Markets. Wexler will report to Stephen Dainton, the bank’s other Global Markets chief.
The appointments come as Barclays seeks to break Wall Street rivals’ hold on the top five global rankings. The bank has seen strong performance in the past few years, but recent results have been more mixed due to high interest rates and inflation.
Barclays is hoping that the new appointments will help to drive the bank’s investment banking operations forward and continue to build on its success.