Top Barclays software banker to join Centerview -sources
The elevation of these newcomers bypassed tenured Barclays bankers that had been seen as possible successors, including those popular with colleagues such as Marco Valla, who subsequently joined UBS,last week. Barclays Chief Executive C.S. Venkatakrishnan held a town hall last Wednesday in a bid to boost morale and stem the outflow of talent.
Barclays declined to comment on Markovich's exit and said in a statement it expected its changes in the investment banking team's leadership to lead to "natural attrition". "We are confident in our strategy, will continue to invest in talent, and we are committed to supporting and helping clients navigate today’s economic environment," the bank said.
Centerview has been seeking to rebuild its franchise in software banking. Emlen Fischer, a partner on Centerview's software investment banking team, announced last week he would join Factorial Energy, a battery technology developer for electric vehicle applications, as chief financial officer. In May, Kempton Dunn, another partner on the software team, left Centerview to join Perella Weinberg PartnersMany of the dealmakers that left Barclays this year were technology bankers.
Reporting by Svea Herbst-Bayliss and Milana Vinn in New York; Editing by David Gregorio and Sherry Jacob-PhillipsMilana Vinn reports on technology, media, and telecom mergers and acquisitions. Her content usually appears in the markets and deals sections of the website. Milana previously worked at GLG and PE Hub, where she spent several years covering TMT deals in private equity. She graduated from CUNY Graduate School of Journalism with Masters in Business Journalism.
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