The head of U.S. equities trading at Barclays, regarded as one of the longest-serving veterans in the sector, is set to leave the debt-focused investment bank. Barclays has been its electronic trading and equities business with hires in recent months — several of them from rivals.
Amit Mehrotra, who has led the business at the UK’s third-largest lender since 2008, is leaving, according to eFinancialCareers. The financial recruitment specialist said he did not return calls seeking comment and his plans are unclear.
Mehrotra is one of the most high-profile names in the equity derivatives market, with the business he led posted solid performance compared to the same period a year before. gains easily outpaced those of European competitors Credit Suisse, Deutsche Bank, and UBS.
Mr. Mehrotra has held a string of senior structuring and sales roles at a range of Wall Street banks, including heading equity and interest-rate derivatives at Lehman Brothers in 1996.
Amit is not the first London-based senior executive to in the space of a few months as the UK bank continues a fresh hiring spree designed to strengthen its equities franchise. Finance Magnates reported earlier this month that Barclays has brought in from Societe Generale SA, totaling six individuals in a bid to help rekindle the group’s stocks unit.
The timing of the new hires can also be attributed to the recent MiFID II regulations, which came into effect earlier this year in January. The passage of the new regulation has worked as a direct impetus for the hires, which has shown no signs of slowing down.
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