Barclays snags Morgan Stanley banker as co-head of US equity capital markets

Barclays has hired Taylor Wright, a banker from Morgan Stanley, as co-head of US equity capital markets, people familiar told Business Insider.

Wright will work alongside Kristin DeClark, a former Deutche Bank banker who is set to start as co-head of US ECM and the global head of tech ECM in the first week of June.

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Barclays has hired banker Taylor Wright to co-head its US equity capital markets, according to people familiar with the matter.

Wright, who is based in New York, joins Barclays from Morgan Stanley where he was managing director of technology, services and financials ECM.

Wright will co-head the division with Kristin DeClark, who was hired by Barclays in March from Deutsche Bank to co-head US ECM and to serve as the global head of technology ECM.

DeClark, who is based in Menlo Park, officially starts the first week of June after taking gardening leave, one person said.

Barclays has also hired Akhil Ahuja, a managing director from Wells Fargo as its head of enterprise and communications technology banking, Bloomberg reported Thursday.

The competition for talent stiff, as is the competition for IPOs. When it comes to global ECM, Goldman Sachs ranks first for 2019 with $23.59 billion in deals, according to Deallogic. Morgan Stanley comes in second with $21.97 billion in value, and Barclays currently ranks ninth with $7.16 billion in value for the year.Morgan Stanley declined to comment. Barclays did not immediately respond to a request for comment