Barclays Appoints Tim Devine as Co-Head of Financial Institutions Group (FIG) M&A
12 Mayo 2021 - 11:00AM
Business Wire
Barclays announces the appointment of Tim Devine as a Managing
Director and Co-Head of Financial Institutions Group (FIG) M&A.
Mr. Devine will be based in Chicago, and will report to Tim Main,
Global Head of FIG Banking, and Larry Hamdan, Head of M&A
Americas.
Mr. Devine joins Barclays with over twenty-five years of
experience in investment banking, most recently as Head of
Specialty Finance in the Americas within FIG Banking at Credit
Suisse. Prior to joining Credit Suisse in 2011, Mr. Devine was a
Managing Director and founding member of the FIG team in Citadel’s
investment bank, where he worked until 2009. Mr. Devine started his
banking career in 1996 at Salomon Brothers, which ultimately became
part of Citigroup. During his thirteen years at Citigroup and its
predecessor institutions, Mr. Devine’s primary focus was on the
Insurance sector and specialty finance.
Mr. Devine has led the origination and execution of a number of
high-profile transactions during his career. These include advising
Ocwen in connection with Oaktree’s $250mm holding company
investment and $212mm investment in a limited partnership to invest
in mortgage servicing rights, advising American Capital on its
$4.1bn sale to Ares Capital and related entities, advising PHH
Corporation on its sale of assets to four counterparties and
ultimate holding company sale to Ocwen, performing the role of lead
bookrunner on a $3.5bn common equity and mandatory convertible
raise for SLM Corporation, and advising a Cerberus-led consortium
on its $7.1bn acquisition of 51% of GMAC from General Motors.
“Tim is an outstanding addition to our team, and his partnership
will ensure that we continue to build upon the already strong
momentum in our Financial Institutions Group,” said Tim Main,
Global Head of FIG Banking at Barclays. “His proven leadership
capabilities and extensive experience will further enhance our
abilities to provide best in class strategic advice and
execution.”
“Tim’s extensive transactional expertise, long-established
relationships, and deep sector knowledge will generate considerable
value for our clients,” added Gary Posternack, Global Head of
M&A at Barclays. “His appointment is further evidence of our
commitment to operating a top-tier FIG M&A franchise.”
Mr. Devine will start at Barclays in August 2021. His
appointment follows that of Alex Lynch as Chairman of Banking
within Barclays Investment Bank in May of last year, the
appointment of Gautam Chawla as Vice Chairman in FIG Banking in
June, and the appointment of Craig Stine as Vice Chairman in Global
FIG Banking in July 2020.
Barclays is a British universal bank. We are diversified by
business, by different types of customer and client, and geography.
Our businesses include consumer banking and payments operations
around the world, as well as a top-tier, full service, global
corporate and investment bank, all of which are supported by our
service company which provides technology, operations and
functional services across the Group. For further information about
Barclays, please visit our website www.barclays.com. Barclays
offers investment banking products and services in the US through
Barclays Capital Inc.
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version on businesswire.com: https://www.businesswire.com/news/home/20210512005786/en/
Press Contact: Andrew Smith +1 212 412 7521
andrew.x.smith@barclays.com
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