Barclays appoints David MacGown as a Managing Director in Financial Institutions Group (FIG) Banking
Barclays announces the appointment of David MacGown as a Managing Director in Financial Institutions Group (FIG) Banking. Mr. MacGown will be based in New York, and will report to Gary Antenberg and Joel Fleck, Co-Heads of FIG Americas.
Mr. MacGown joins Barclays with over thirty years of experience in investment banking, most recently as Head of Balance Sheet and Capital Structure Advisory within FIG Banking at Credit Suisse. Prior to joining Credit Suisse in 2014, Mr. MacGown was a Managing Director in Fixed Income at Morgan Stanley, covering investment grade financials. Mr. MacGown started his career at Morgan Stanley, working there from 1990 in Corporate Bond Research. In late 1999, Mr. MacGown joined Citigroup, where he worked until 2009 as a Managing Director in FIG M&A. In late 2009, Mr. MacGown joined Citadel Securities, where he was a founding member of the FIG team in Citadel’s investment bank. Mr. MacGown rejoined Morgan Stanley at the start of 2012 as a Managing Director covering financial institutions in Credit Trading and Sales.
Mr. MacGown has led the origination and execution of a number of high-profile transactions during his career. These include advising Social Capital Hedosophia V on its pending merger with SoFi valued at $8.65bn, advising The Charles Schwab Corporation on its $26bn acquisition of TD Ameritrade, advising CPPIB on its $12bn acquisition of Antares Capital from GECC, advising Cerberus on its $7.4bn acquisition of 80.1% of Chrysler and Chrysler Financial from DaimlerChrysler and the associated refinancing of $30bn of Chrysler Financial intercompany debt, and advising Citi on its $58bn exchange of preferred and hybrid securities into common equity.
“Dave has exceptional knowledge of the financial institutions sector, and his deep roster of key relationships and extensive transactional experience will generate tremendous value for our clients,” said Tim Main, Global Head of FIG Banking at Barclays. “His appointment demonstrates Barclays’ steadfast commitment to operating a top-tier FIG Banking franchise.”
“FIG is a critical sector of focus within our Investment Banking business, and Dave’s addition to our platform will strengthen Barclays’ ability to provide best in class strategic advice and execution for our clients,” added John Miller, Global Head of Banking Coverage at Barclays. “We look forward to succeeding together and further accelerating our FIG and broader Banking business momentum.”
Mr. MacGown will start at Barclays in August 2021. This follows Barclays’ appointment of Alex Lynch as Chairman of Banking within its Investment Bank in May of last year, the appointment of Gautam Chawla as Vice Chairman, FIG Banking in June, and the appointment of Craig Stine as Vice Chairman, Global FIG Banking in July 2020.