Barclays has hired a senior Singapore banker as recruitment rebounds

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Barclays has recruited a senior Singapore investment banker, in a sign that an anticipated recovery in its Asian hiring is now taking shape.

Anthony Kersauson has joined Barclays from Standard Chartered and is focused on M&A origination and execution across Southeast Asia, according to his online profile. He spent two years as a director at Stan Chart, specialising in the industrials sector.

We predicted in May that Barclays would open up “a handful” of advisory and capital markets roles in the second half of the year as its new Asian strategy began to bed down.

Last year Barclays shuttered cash equities in Asia, sold its Asian private banking unit to OCBC, and closed offices in Australia, Indonesia, Malaysia, the Philippines, Taiwan, Thailand and South Korea. About 1,000 jobs were lost in the process as chief executive Jes Staley refocused the firm's Asian operations on investment banking in Singapore, Hong Kong, Japan and India.

“Barclays is now recruiting in its IBD division because that’s the only business where it’s making money in Asia,” says a Singapore-based headhunter.

Kersauson began his career at Citi in London in 2006 and moved to Hong Kong while still an analyst. He left Citi in 2014, having made VP rank as an industrials banker.

He arrives at Barclays on the back of the firm’s improved performance in Southeast Asia M&A. It ranked eighth in M&A volume in the region in the first half of 2017, up 18 places year on year, according to Dealogic figures.

Image credit: MilosJokic, Getty

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