Barclays Strengthens Technology Investment Banking Team with Singhal

Barclays Strengthens Its Technology Investment Banking Team

Barclays has announced significant news concerning its Technology Investment Banking division, with the appointment of Abhishek Singhal as a Managing Director. His focus will be primarily on the Payments sector, a pivotal area within this dynamic financial industry. Based in New York, Mr. Singhal will report to Kristin Roth DeClark, the Global Head of Technology Investment Banking. This strategic move aims to bolster Barclays' efforts in Payments coverage, a domain led by Gary Katz, the Global Head of Payments Banking.

Abhishek Singhal's Impressive Background

Before joining Barclays, Abhishek Singhal held the position of Managing Director at Citigroup, specifically in the FinTech Investment Banking division. His extensive experience includes a notable tenure at Deutsche Bank, where he was part of their Telecommunications, Media, and Technology (TMT) Investment Banking team. Throughout his career, he has played an essential role in significant transactions, showcasing his expertise in the industry.

Noteworthy Transactions

Mr. Singhal's career is highlighted by several high-profile transactions. Notably, he served as the lead buyside M&A advisor for GTCR’s impressive $18 billion take-private acquisition of Worldpay, along with the carveout from FIS. He also acted as the exclusive sell-side M&A advisor for EVO Payments during its successful $4 billion sale to Global Payments. These achievements underscore his capability to navigate complex financial landscapes.

Strengthening Barclays' Value Proposition

Commenting on the appointment, Kristin Roth DeClark emphasized the importance of the Technology Investment Banking franchise for Barclays. "We have a robust focus on this area, integral to our broader investment banking business and other industry verticals," she remarked. She further added that Abhishek's wealth of experience and industry knowledge will enhance Barclays' ability to deliver comprehensive solutions to their clientele.

Confidence in the Growing Team

Gary Katz also expressed confidence in the growing team’s capabilities, noting that Singhal's established industry relationships and proven track record will enable Barclays to continue delivering top-notch strategic advice and meet the ambitions of their clients.

A Commitment to Industry-Leading Talent

The addition of Mr. Singhal aligns with Barclays’ ongoing strategy to invest in top-tier talent within the Technology Investment Banking sector. This year has already seen significant strategic hires, including David King, who has taken on the role of Global Head of Technology M&A, and Rob Patterson, who is now Head of Data & Information Platforms Coverage.

Recent Transactions in Payments

Barclays has been influential in several vital transactions within the Payments industry. Examples include serving as the Exclusive Financial Advisor to Nuvei Corporation in its $6.3 billion take-private deal with Advent International, and advising American Express in relation to its sale of Accertify to Accel-KKR. These transactions reinforce Barclays’ commitment to its clients and the Payments sector.

About Barclays Investment Bank

Barclays Investment Bank aspires to be a UK-focused leader in global finance. It operates as a diversified bank with a wide array of services, including UK consumer, corporate, and private banking. The bank's global investment banking capabilities empower clients, including money managers and corporations, to manage their funding, investing, financing, and strategic risk management needs effectively.

Frequently Asked Questions

What is Abhishek Singhal's new role at Barclays?

He has been appointed as a Managing Director in the Technology Investment Banking division, focusing on the Payments sector.

What previous experience does Mr. Singhal bring?

Before Barclays, he served as a Managing Director at Citigroup and worked at Deutsche Bank's TMT Investment Banking team.

What significant transactions has Singhal been involved in?

He played key roles in the $18 billion acquisition of Worldpay and EVO Payments' $4 billion sale to Global Payments.

How does this appointment align with Barclays' strategy?

This hire showcases Barclays' commitment to strengthening its Technology Investment Banking team and enhancing its market position.

What recent transactions has Barclays facilitated in the Payments sector?

Some notable transactions include advising Nuvei Corporation on its $6.3 billion take-private sale and American Express on the sale of Accertify.

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