Barclays has appointed former UBS banker Marc Warm as global co-head of capital markets, expanding its leadership team to three co-heads as the British lender seeks to strengthen its position against Wall Street rivals.

Mr Warm, who has over 30 years of experience in leveraged finance, will work alongside existing co-heads Tom Johnson and Travis Barnes. He will be based in New York and report to Cathal Deasy and Taylor Wright, global co-heads of investment banking.

At UBS, Mr Warm served as global head of leveraged and debt capital markets. Throughout his career, he has led transactions for hundreds of issuers across sectors, raising hundreds of billions of dollars in proceeds in the loan and bond markets.

Taylor Wright highlighted the strategic value of the appointment, saying: "Tom, Travis, and Marc will form a highly experienced leadership team with complementary expertise and extensive client relationships that will strategically enhance our already strong market position."

"Under their leadership, we are confident we will unlock powerful new opportunities for client partnerships, further strengthen our global capital markets franchise, and position us strongly for continued growth," Wright added.

Cathal Deasy emphasised the importance of capital markets to Barclays' wider strategy, noting: "Barclays' capital markets capabilities – spanning origination, structuring, risk management and distribution - are a cornerstone of Barclays' Investment Banking franchise."

The appointment comes as Barclays chief executive officer C.S. Venkatakrishnan has been overhauling the bank's investment leadership over the past year while also directing resources toward core domestic mortgage and retail banking businesses.

According to Dealogic data from 19 May 2025, Barclays currently ranks fifth globally as an M&A advisor, fourth as a DCM Bookrunner, and sixth as a Global Investment Bank.

While the British lender has gained market share in capital markets activities such as equity fundraising, it continues to trail US peers including JPMorgan and Goldman Sachs.

---