Citigroup has hired Barry Weir, a 20-year JPMorgan veteran, who will join the bank’s U.K. deals team. The appointment comes amid a global hiring drive at the U.S. investment bank, with a number of announcements in recent months indicating the company’s ambitious employment plans.
In March, the bank announced plans to hire 900 new global staff members in the next three years. In May, Bloomberg reported that Citigroup was looking to add 700 private bankers to its European outposts. In June, the group announced that it plans to hire more than 4,000 people to join its tech team to help move institutional clients online following the COVID-19 pandemic.
Read more: Citigroup to Add 4,000 Tech Workers to Move Clients Online
Weir will join Citigroup’s U.K. investment banking team as a managing director, Bloomberg reported Wednesday (Sept. 14). He previously headed various sector teams at JPMorgan, including industrials, energy, metals and mining and real estate. He was also previously head of U.K. mergers and acquisitions at the bank.
In February it was reported that Citigroup was putting together a dedicated team of bankers focused on advising FinTech companies in Europe and the recent appointment is the latest in a string of high-profile hirings that has seen Citigroup snap up some of the most seasoned investment bankers in Europe, the Middle East and Africa (EMEA).
By June, the bank had named Alexander Stiris as the head of Citi’s commercial banking unit for EMEA, a move that sees the bank’s top deal-maker chief dealmaker for the Nordic region expand his influence across the whole of EMEA.
Just days later, Reuters reported that Patrick Frowein, a 26-year deal-making veteran who previously worked at UBS, had accepted a new role in London as Citi’s vice chairman for EMEA Banking, Capital Markets and Advisory.
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