Barclays Appoints Ingrid Hengster as Country CEO for Germany and as a Global Chairman of Investment Banking
July 22, 2021 at 04:06 am EDT
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Barclays announced the appointment of Ingrid Hengster as Country CEO for Germany, subject to regulatory approval. Ingrid has asked the Chairman of the Board of Supervisory Directors of KfW to terminate her contract and will agree her Barclays start date with her current employer. Ingrid will also become a Global Chairman of Investment Banking, joining the recently introduced CIB-wide Global Chairman's Group, which brings together Barclays’ most senior and experienced investment bankers in a new role focused on driving client relationships, commercial opportunities and revenue growth across all of the bank’s business lines and regions. As Country CEO, she will be the local leader for Barclays in Germany, responsible for executing the country strategy in line with the bank’s regional and global ambitions. In her Investment Banking role, she will act as a senior sponsor for key investment banking clients in the DACH region. Ingrid joins Barclays with more than 30 years’ experience in investment banking. She has been a member of KfW Bankengruppe’s Executive Board since 2014. Ingrid will report to Francesco Ceccato, CEO of Barclays Europe, Reid Marsh, Head of Investment Banking for Europe, Middle East and Asia Pacific, and Alex Lynch, Global Chairman of Investment Banking, who leads the Global Chairman’s Group. Her arrival follows the appointment of Anthony Samengo-Turner who joins Barclays as Head of M&A for Germany, Austria and Switzerland in September.
Barclays PLC is one of Britain's leading banking groups. The activity is organized around three sectors:
- commercial banking: at the end of 2023, owned 306 branches worldwide;
- financing, investment, and market banking: specialized financing (acquisitions, projects, etc.), portfolio management, transactions on the stock, interest, exchange, and raw material markets, stock trading, merger-acquisition consulting, investment capital, etc.;
- credit cards issuing.
At the end of 2023, the group managed GBP 538.8 billion in current deposits and GBP 399.5 billion in current credits.
Income breaks down geographically as follows: the United Kingdom (52.4%), Europe (9.9%), Americas (32%), Asia (5.4%), Africa and Middle East (0.3%).