Barclays promotes Miller to head its Americas banking

Reuters

By Soyoung Kim and Michael Erman

NEW YORK, Oct 9 (Reuters) - Barclays Plc namedsenior investment banker John Miller to the newly createdposition of head of banking for the Americas, according to aninternal memo seen by Reuters.

The bank's global group heads based in the Americas willreport to Miller, as will Americas regional heads, the memosaid. He currently runs Barclays' global industrials group aswell as its global financial sponsors business.

A Barclays spokesperson confirmed the contents of the memo,sent by Tom King and Eric Bommensath, co-CEOs of Barclays'corporate and investment bank.

Miller, based in New York, will report to King in his newrole, and work alongside Richard Taylor in Europe, Middle Eastand Africa as well as Matthew Ginsburg in Asia Pacific,according to the memo.

Paul Parker, who previously headed the bank's globalcorporate finance and mergers and acquisitions (M&A) group, willtake on sole leadership of the bank's M&A operations worldwide,the memo said. The M&A business will be put into its ownstandalone structure under Parker.

Ros Stephenson will become chairman of banking on a globalbasis, according to the memo. She was also previously head ofglobal corporate finance and M&A.

Barclays was the No.5 M&A adviser globally so far this yearaccording to Thomson Reuters data, up from sixth place in thesame period last year and behind Goldman Sachs Group,JPMorgan Chase & Co, Bank of America Merrill Lynch and Morgan Stanley.

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