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Barclays names former Credit Suisse dealmaker Deasy as investment banking co-head

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Barclays has appointed former Credit Suisse dealmaker Cathal Deasy as co-head of investment banking, the lender said on Tuesday, as Chief Executive C.S. Venkatakrishnan seeks to grow the business and plan for succession.

dealmaker Cathal Deasy as co-head of investment banking, the lender said on Tuesday, as Chief Executive C.S. Venkatakrishnan seeks to grow the business and plan for succession.

The changes were part of the bank "fostering the next generation of leadership and thinking," Venkatakrishnan, known internally as Venkat, said in a memo about the moves that was seen by Reuters. At Credit Suisse, he managed some of the bank's biggest client relationships in Europe, having spent nine years beforehand at Deutsche BankJF Astier and John Miller, who currently lead investment banking, are in "active dialogue" with Barclays about what roles they might now take, a Barclays spokesperson said.

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