Barclays announces the appointment of Craig Stine as Vice Chairman, Global Financial Institutions Group (FIG) Banking. Mr. Stine will be based in New York, and will report to Tim Main, Global Head of FIG Banking at Barclays.
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“Our FIG Banking team is achieving outstanding results and momentum in what is a critical sector of focus within our Investment Banking business”
Mr. Stine joins Barclays with over twenty-eight years of experience in banking, most recently as Executive Vice Chairman, FIG Banking at Credit Suisse. Prior to joining Credit Suisse in 2011, Mr. Stine was Co-Chief Executive Officer and Co-Head of Investment Banking at Citadel Securities. Mr. Stine started his career in 1992 at Salomon Brothers, which became part of Citigroup in 1998, and was Co-Head of FIG, North America at the time of his move to Citadel Securities in 2009. Mr. Stine is primarily focused on the Banks and Specialty Finance sectors, and has led the origination and execution of a number of high-profile transactions throughout his career. These include advising NewStar Financial on its $3.7bn sale to First Eagle Investment Management and GSO/Blackstone, advising CPPIB on its $12bn acquisition of GE Antares, advising Citi on the sale of CitiCapital’s $13.2bn of assets to GE Capital, and advising Capital One Financial on its $14.6bn acquisition of North Fork Bancorp.
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“Craig’s deep industry knowledge, long-established partner relationships, and extensive transactional expertise will generate tremendous value for our clients,” said Tim Main, Global Head of FIG Banking at Barclays. “These qualities, combined with his proven leadership capabilities and experience, make him a superb addition to our FIG Banking platform and our broader Banking franchise.”
“Our FIG Banking team is achieving outstanding results and momentum in what is a critical sector of focus within our Investment Banking business,” added John Miller, Global Head of Banking Coverage at Barclays. “Craig’s appointment will strengthen our ability to provide best in class strategic advice and execution, and is further evidence of Barclays’ commitment to expand our global team of highly experienced bankers to deliver a superior value proposition for our clients.”
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