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Barclays Taps J.P. Morgan, Citigroup Vet to Lead Global Chemicals Banking Practice

July 27, 2018, 07:33 AM
Related: Barclays, Chemicals

Barclays announced the appointment of Rob Jeffries as Vice Chairman and Global Head of Chemicals. Jeffries will be based in New York, and his appointment will further augment Barclays’ market leading Chemicals Banking practice.

Jeffries joins Barclays with close to 30 years of experience in banking, most recently as Managing Director and Head of the Chemicals Group at J.P. Morgan. Jeffries joined J.P. Morgan in August 2009 after spending 9 years at Citigroup as Head of Chemicals. Prior to Citigroup, he was focused on Mergers and Acquisitions for 11 years at J.P. Morgan.

Jeffries has advised U.S. and international clients on a broad variety of transactions including mergers, acquisitions, divestitures, proxy contests, hostile transactions and special committee assignments. Notable transactions that Jeffries has advised on include the $11.4 billion acquisition of Valspar by Sherwin-Williams, the $5.0 billion acquisition of Dow’s vinyls business by Olin, the $2.3 billion acquisition of A. Schulman by LyondellBasell, the $3.8 billion acquisition of Air Products by Evonik, and the $6.2 billion sale of Cytec Industries to Solvay S.A..

Jeremy Michael, Head of Global Natural Resources, said: “As the Chemicals sector continues to experience profound and dynamic evolution, our clients more than ever depend on Barclays for strategic advice and seamless execution. Rob, with his deep client relationships and extensive deal experience, will help build on our business strengths as we drive our market leading Chemicals franchise further forward.”

John Miller, Global Head of Banking Coverage, added: “We are delighted to welcome Rob to Barclays. The Chemicals space represents an important opportunity-set for our investment banking business, and the team is achieving outstanding results and momentum in the sector. Rob’s appointment will ensure that we continue to drive mind and market share with our clients.”

Barclays was ranked number 4 in Chemicals Banking in the Americas and number 3 globally through H1 2018, according to Dealogic. In Chemicals related Leveraged Finance, Barclays was ranked number 3 in the Americas and number 2 globally for the same period. In Chemicals related M&A, Barclays was ranked number 4 in the Americas and number 5 globally.

Jeffries is expected to start in mid-September.

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