When Barclays’ head of equity capital markets Sam Dean announced he was taking a sabbatical last December it raised a number of eyebrows in the City.
Dean, a highly popular and well-respected part of the Barclays team, cited family reasons for his break, but that didn’t stop the bank’s rivals from gossiping about whether the move had something to do with his role in the unfortunate Ziggo block trade deal, despite Dean and Barclays denying it.
But Dean has silenced the whisperers yesterday, assuming the role of chairman of global finance and risk solutions. “We are pleased to announce that Sam Dean will be returning to Barclays in the New Year as chairman of global finance and risk solutions,” said the bank. “Please join us in welcoming Sam back to Barclays after his sabbatical.”
According to friends of Dean, the banker really has been taking care of family matters – in Brazil no less, where he has a child from a previous marriage.
In which case we’ll say, “bem vindo de volta”, (or “welcome back” if he didn’t have time to pick up the lingo).