The Barclays equity capital markets (ECM) team is on a roll. It enjoyed a particularly strong first quarter this year, and in Europe, as the end of May approached, it had led more milestone equity transactions year to date than any other bank.
“This year, we had the second-strongest first quarter in global ECM for the past six years,” says Tom Swerling, global head of ECM at Barclays. “That’s against the backdrop of a relatively complicated primary market.” With initial public offerings (IPOs) at a low ebb, the team has still been able to deliver a sound financial performance via accelerated book-builds (ABBs), rights issues and its equity-linked and financing solutions business.
