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Barclays hires Credit Suisse banker Pick as new EMEA M&A head

FILE PHOTO: The logo of Barclays bank is seen on glass lamps outside of a branch of the bank in the City of London financial district in London

(Reuters) - Barclays named Stephen Pick of Credit Suisse as the new head of its mergers and acquisitions (M&A) business in the Europe, the Middle East and Africa (EMEA) region on Monday.

Pick, who was previously managing director for EMEA M&A at Credit Suisse before the Swiss bank's merger with UBS, succeeds Pier Luigi Colizzi who has been named chairman of M&A for the region.

Insider Asim Mullick will take on the newly created role of M&A head for EMEA Financial Sponsors, the lender added.

Pick will be based in London and report to the region's investment banking head Tim Main and global M&A head Ihsan Essaid.

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"He will bring to the Barclays franchise a wealth of knowledge and deep expertise in acting for large cap Corporates and Financial Sponsors that will be pivotal in helping the bank capitalise on the recovering M&A market," the British bank said in a statement.

The appointments come as mergers and acquisitions bounced back in the first quarter of the year after a tepid 2023.

(Reporting by Eva Mathews in Bengaluru and Anousha Sakoui in London; Editing by Tasim Zahid)