SAM DEAN JOINED Barclays Capital as co-head of global equity capital markets almost two years ago to the day that he sits down with Euromoney to discuss the firm’s progress in building the business. "You have to remember that when I arrived, cash equity trading hadn’t started, there was no ECM team, and much of the banking platform had still to be hired. Now that we are leading major transactions, it’s hard to believe that that was less than two years ago. We have spent a lot of time ensuring that as we build each business, we keep them aligned with the others. It’s also very integrated. In my own team, we have put broking, cash ECM and corporate equity derivatives under one umbrella. At other firms these are often almost completely unco6nnected. We’ve built this the right way."
ECM is one of the two signature investment banking businesses, the other being M&A, that the firm lacked during the astonishing growth of Barclays Capital from 1997 into a debt and rates powerhouse, after the parent bank decided to dismantle the old BZW.
