Today's City Moves cover M&A, gaming and clearing. Take a look at these movers and shakers:
Omar Faruqui has been appointed co-head of UK M&A at Barclays. He will join the bank in January 2018 and will work alongside Derek Shakespeare, co-head of UK M&A, and report to Matthew Smith, head of UK corporate finance and advisory. He will focus on further deepening Barclays’ advisory relationship with its UK clients. Omar has more than 20 years of experience in investment banking across UK corporate finance and financial sponsors. Previously Omar was at HSBC where he had a global role as head of M&A origination and before that co-head of financial sponsors in Europe. Prior to that Omar spent seven years in UK M&A at Deutsche Bank and seven years at Rothschild. Omar has advised on number acquisitions and disposals for blue-chip and other major UK companies such as Element, LGC, Northumbrian Water, Reckitt Benckiser, Arriva, Just Retirement, BAE Systems, Anglian Water, Associated British Ports and BAA.
Gaming Realms has appointed Chris Bell as a non-executive director and has joined the board with immediate effect. Chris has more than 25 years’ experience working in the gaming industry. He joined the Hilton Group in 1991 and was appointed managing director of the company’s Ladbrokes Worldwide business in 1994. He joined the board of Hilton Group in June 2000 and, following the disposal of its hotels division in 2006, became Ladbrokes’s chief executive. He held this position until May 2010. Prior to joining Hilton Group, he held several senior positions at drinks manufacturer Allied Domeq. Since leaving Labrokes, Chris has held many senior non-executive board positions operating in the Uk and around the world including the Responsible Gambling Strategy Board and a trustee of the Northern Racing College. He is currently chairman of XLMedia and TechFinancials and the senior independent director of the Rank Group.
LCH, a leading global clearing house, yesterday appointed Daniel Maguire as chief executive of LCH Group, with immediate effect. The appointment follows Suneel Bakhshi’s decision, earlier this summer, to step down from his role as chief executive of LCH Group after four years in the role. Since his appointment in 2013, Suneel has set the foundations for ongoing sustainable growth, developing LCH’s resiliency and efficiency as a systemically important institution and expanding the group’s global business offering. Daniel was appointed group chief operations officer of LCH in April this year. He has been involved in LCH’s SwapClear service from inception and during his 16-year career at LCH has been responsible for risk management, default management, product management, regulatory strategy, programme delivery, sales, marketing and operations.
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