Barclays Strengthens Industrials Team with Appointment of Yuri Shakhmin as Managing Director

Barclays Strengthens Industrials Team with Appointment of Yuri Shakhmin as Managing Director

(IN BRIEF) Barclays has announced the appointment of Yuri Shakhmin as a Managing Director in the Global Industrials Group within its Investment Banking division. Shakhmin’s extensive experience and track record in advising industrial clients make him a valuable addition to Barclays. With a focus on driving growth in the UK and Continental Europe, this strategic appointment highlights Barclays’ commitment to its Corporate and Investment Bank. Shakhmin will report to Richard Probert and Asim Mullick, Co-Heads of Industrials for Europe, Middle East, and Africa (EMEA). His expertise will contribute to Barclays’ continued success in providing advisory and transactional services to industrial clients.

(PRESS RELEASE) LONDON, 16-Jun-2023 — /EuropaWire/ — Barclays (LON: BARC), a British multinational universal bank, is pleased to announce the appointment of Yuri Shakhmin as a Managing Director in the Global Industrials Group within the Investment Banking division. This strategic appointment underscores Barclays’ commitment to driving growth in the UK and Continental Europe, which remains a key focus for the bank’s Corporate and Investment Bank. Shakhmin will report to Richard Probert and Asim Mullick, Co-Heads of Industrials for Europe, Middle East, and Africa (EMEA).

With an impressive track record advising industrial clients, Shakhmin brings extensive transaction experience and a strong network of relationships across corporates and financial sponsors. He has been involved in numerous landmark transactions, including the recent strategic stake acquisition of Esdec by Blackstone, the disposal of E&I Engineering to Vertiv for US$1.8 billion, and the acquisition of Crown’s EMEA Food and Consumer Packaging business by KPS for €2.25 billion. Shakhmin will join Barclays in July, transitioning from Credit Suisse, where he has contributed significantly throughout his tenure. Prior to that, he spent the majority of his career at Rothschild & Co.

The appointment of Yuri Shakhmin further bolsters Barclays’ expertise and capabilities in the Industrials sector, enabling the bank to provide exceptional advisory and transactional services to its industrial clients. Shakhmin’s deep industry knowledge and proven expertise will be instrumental in driving Barclays’ continued success in the UK and Continental Europe.

“We are seeing significant momentum across Barclays’ Investment Banking business as evidenced by improved global fee share in 2023,” said Tim Main, Head of Investment Banking, EMEA. “Yuri’s appointment demonstrates our continued investment in senior talent, our commitment to helping clients, and our goal to deliver strong results across the Corporate and Investment Bank.”

-ENDS-

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
• Barclays has hired approx. 20 senior bankers YTD in Investment Banking, including Douglas Melsheimer from Goldman Sachs as an MD in Technology and Foruhar Madjlessi from Instone Real Estate Group as Co-Head of EMEA Equity Capital Markets
• In Investment Banking, global fee share as at end of May 2023 YTD is 3.6% which is higher than the 3.1% in 2022 (Source: Dealogic)
• In EMEA Industrials, fee share as at June 2023 YTD is 6.3%, which ranks Barclays at #3 across EMEA fee share
• Barclays share of wallet (global): #4 in Lev Fin, #5 Investment Grade, #4 Financial Sponsors

Media contact:
ukpressoffice@barclays.com

SOURCE: Barclays