Reuters: Mergers News: UPDATE 1-Barclays' top financial services banker to retire

Reuters: Mergers News Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com

UPDATE 1-Barclays' top financial services banker to retire Mar 29th 2012, 20:18 By Paritosh Bansal March 29 | Thu Mar 29, 2012 4:18pm EDT March 29 (Reuters) - The head of Barclays' global financial institutions group, Jeff Weiss, is retiring after nearly three decades at the British bank and Lehman Brothers, according to an internal memo seen by Reuters on Thursday. Weiss, who also served on the executive committee of investment banking, is leaving to pursue entrepreneurial opportunities, said the memo, which was signed by Skip McGee, the head of Global Investment Banking at Barclays. Weiss served in his role at Barclays since 2008, and held the same title at Lehman Brothers from 2007 to 2008. He started his career in 1983 as a corporate bond trader at Lehman Brothers. A Barclays spokesman confirmed the contents of the memo. Recent transactions in which Barclays' financial services group has played a role include serving as special adviser to the board of U.S. insurer MetLife Inc in its acquisition of American International Group Inc unit ALICO for about $15.5 billion and Prudential Financial Inc's acquisition of certain AIG subsidiaries for $4.8 billion. The group has also advised Capital One Financial Corp in several transactions, including on its $9 billion purchase of ING Direct and the related $2 billion forward sale of equity. Link this Share this Digg this Email Reprints

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