Barclays Announces Scott McDavid and Ronnie Wexler as Global Heads of Equities

Barclays Announces Scott McDavid and Ronnie Wexler as Global Heads of Equities

(IN BRIEF) Barclays has announced the appointment of Scott McDavid as Global Head of Equities and Ronnie Wexler as Global Head of Equities Distribution. Scott, formerly from Morgan Stanley, will lead the Barclays Global Equities team, while Ronnie, previously at NYDIG and Goldman Sachs, will focus on growing Barclays’ Equities client franchise. The appointments highlight Barclays’ commitment to the Equities business and its broader aspirations within Global Markets and the Corporate and Investment Bank.

(PRESS RELEASE) LONDON, 23-May-2023 — /EuropaWire/ — Barclays (LON: BARC), a British multinational universal bank, has announced the appointment of Scott McDavid as Global Head of Equities and Ronnie Wexler as Global Head of Equities Distribution, further reinforcing its position in the equities market.

Scott McDavid, set to join Barclays in September, will assume the role of Global Head of Equities and will be based in New York. With nearly two decades of experience at Morgan Stanley, Scott brings a wealth of expertise to the table. In his previous role as Co-Head of Equities Trading for the Americas, he showcased exceptional leadership and knowledge. Reporting to Adeel Khan, Co-Head of Global Markets, Scott will lead the Barclays Global Equities team and assume responsibility for Equities Distribution and Prime.

Joining Barclays in June, Ronnie Wexler will take on the role of Global Head of Equities Distribution. Based in New York, Ronnie brings extensive experience from his previous role as Global Head of Business Development at NYDIG. With nearly 20 years at Goldman Sachs, where he held various leadership positions across Securities Division Distribution, Ronnie possesses valuable insights into client relationships. Reporting to Stephen Dainton, Co-Head of Global Markets, Ronnie will focus on expanding Barclays’ Equities client franchise and fostering deeper client relationships through collaborative efforts across sales, trading, and research.

The appointments of Scott and Ronnie underscore Barclays’ commitment to bolstering its Equities business and realizing its broader aspirations within Global Markets and the Corporate and Investment Bank. Their outstanding leadership, expertise, and demonstrated track record of driving strategic objectives and delivering exceptional client outcomes make them invaluable additions to the team.

Barclays looks forward to the unique perspectives and vision that Scott and Ronnie will bring to the Equities business, further strengthening the bank’s position in the market and driving its ambitious growth agenda.

Stephen Dainton and Adeel Khan, Co-Heads of Global Markets, commented:

“We have made terrific progress in growing our Equities business over the last four years, including delivering £1bn in incremental revenue and increasing market share by 150bps between 2019-2022.  Looking ahead, Scott and Ronnie will help us continue to evolve the business, execute our next set of priorities, and deliver our next phase of growth.”

Notes for Editors     

• The Corporate and Investment Bank is central to the growth and performance of Barclays.
• With a diversified business model, the CIB is delivering strong and sustainable results through the cycle, and as the largest revenue contributor, Global Markets is key to this success.
• Most recently, at Q1 2023 CIB income of £3,976m (Q122: £3,938m) represented the best Q1 on a comparable basis*, reflecting strong performance in FICC, particularly Credit, as well as Financing within Global Markets, Transaction Banking, and Investment Banking Advisory.
• The Global Markets strategy has been in place for five years, shaped by existing leadership, including Stephen Dainton and Adeel Khan.
• According to Coalition, in Equity Financing, Barclays is ranked #5.

*On a comparable basis, period covering 2014-Q123. Pre 2014 data was not restated following re-segmentation in 2016.

About Barclays

Barclays Corporate and Investment Bank is comprised of the Investment Banking, International Corporate Banking, Global Markets and Research businesses. It provides money managers, financial institutions, governments, supranational organisations and corporate clients with services and advice for their funding, financing, strategic and risk management needs. For further information about Barclays Corporate and Investment Bank, please visit our website www.cib.barclays.

Media contact:
ukpressoffice@barclays.com

SOURCE: Barclays