Barclays’ US Equity Head Departs as Outside Hiring Spree Continues

Amit Mehrotra, head of US Equities Equities Equities can be characterized as stocks or shares in a company that investors can buy or sell. When you buy a stock, you are in essence buying an equity, becoming a partial owner of shares in a specific company or fund.However, equities do not pay a fixed interest rate, and as such are not considered guaranteed income. As such, equity markets are often associated with risk.When a company issues bonds, it’s taking loans from buyers. When a company offers shares, on the other hand, it’s selling pa Equities can be characterized as stocks or shares in a company that investors can buy or sell. When you buy a stock, you are in essence buying an equity, becoming a partial owner of shares in a specific company or fund.However, equities do not pay a fixed interest rate, and as such are not considered guaranteed income. As such, equity markets are often associated with risk.When a company issues bonds, it’s taking loans from buyers. When a company offers shares, on the other hand, it’s selling pa Read this Term trading at Barclays, is set to leave the debt-focused investment bank. Barclays has been shaping and strengthening its electronic trading and equities business with hires in recent months — several of them from rivals.

Mehrotra is regarded as one of the longest-serving veterans in the sector, and has led that business at the UK’s third-largest lender since 2008. According to financial recruitment outlet eFinancialCareers, Mehrotra did not return calls seeking comment and his plans are unclear.

Mehrotra is one of the most high-profile names in the equity derivatives market, with the business he led posting a solid performance compared to the same period a year before. Barclays' gains easily outpaced those of European competitors Credit Suisse, Deutsche Bank, and UBS.

He has held a string of senior structuring and sales roles at a range of Wall Street banks, including heading equity and interest-rate derivatives at Lehman Brothers in 1996.

Amit is not the first London-based senior executive to leave Barclays in the space of a few months as the UK bank continues a fresh hiring spree designed to strengthen its equities franchise. Finance Magnates reported earlier this month that Barclays has brought in a team of equity analysts from Societe Generale SA, six individuals in total, in a bid to help rekindle the group’s stocks unit.

The timing of the new hires can also be attributed to the MiFID II MiFID II MiFID II stands for the Markets in Financial Instruments Directive, and is the second iteration of a sweeping directive. As such it is known as MiFID II. The original Markets in Financial Instruments Directive (MiFID) became effective in November 2007. It was intended as the foundation of the EU’s Financial Services Action Plan, a comprehensive project to create a single European market in financial services. MiFID is intended to create a level playing field for firms to compete in the EU’s fina MiFID II stands for the Markets in Financial Instruments Directive, and is the second iteration of a sweeping directive. As such it is known as MiFID II. The original Markets in Financial Instruments Directive (MiFID) became effective in November 2007. It was intended as the foundation of the EU’s Financial Services Action Plan, a comprehensive project to create a single European market in financial services. MiFID is intended to create a level playing field for firms to compete in the EU’s fina Read this Term regulations which came into effect in January this year. The passage of the new regulations is seen as the direct impetus for the reshuffling, which is ongoing.