NEW YORK – Barclays (BARC.L) appointed Christian Oberle from JPMorgan Chase (JPM.N) to manage its partnerships to Private equity (PE)firms in the Americas region, Barclays confirmed on Friday.
Oberle is expected to join his position at the British Bank as chief of its group of financial sponsors in the Americas and will is reporting the group’s leader, Jean-Francois Astier, who leads the group worldwide. Barclays has always wished to strengthen its relationships with PE.
JPMorgan declined to provide a comment. Oberle did not respond immediately to a telephone call or voicemail requesting comment.
Oberle’s hiring coincides with a time when Barclays is working on plans to eliminate hundreds of jobs from its retail business in the country as well as separately in its annual assessment of the performance of investment bankers.
CEO C.S. Venkatakrishnan has appointed new leadership at the top of the division of investment banking this year. While the division has been able to add more than 20 directors in its management but it also saw an increase in departures.
Oberle’s departure his position at JPMorgan comes a few months before Marco Caggiano, another former senior JPMorgan banker, quit JPMorgan in the same manner. U.S. bank to join the rival Morgan Stanley as vice chairman of mergers and acquisitions.
Wall Street banks have cut thousands of workers in recent months due to a slump in deal. The gloomy times have also forced veterans to leave companies such as Goldman Sachs (GS.N) and Bank of America (BAC.N) to join larger rivals or smaller rivals.
