Barclays has appointed Stephen Stewart, a Former TD Securities executive, as the Head of M&A Execution for Canada. In a statement published today (Friday), the company said this hire aims to reinforce
the bank’s commitment to the region and brings a wealth of experience and
leadership that promises to elevate its M&A operations across Canada.
Investment Banking Expert
Stephen Stewart joined Barclays from TD Securities,
where he spent over 15 years honing his investment banking skills, focusing on
mergers and acquisitions. At TD, Stewart held the position of Managing Director
at M&A and was instrumental in a series of landmark transactions.
His notable achievements reportedly include advising
on high-profile deals such as Nuvei’s US$6.3 billion take-private by Advent
International and Neighbourly Pharmacy’s $1.2 billion take-private by
Persistence Capital Partners.
Stewart was also responsible for advising Dream Global
REIT on its $6.2 billion sale to Blackstone and Thomson Reuters on its $27
billion sale of Refinitiv to the London Stock Exchange. His leadership is expected to be a
driving force in the continued growth of Barclays’ Canadian M&A operations.
Barclays expects Stewart’s experience and deep client
relationships to enhance its Canadian M&A platform and complement its
broader Americas and Global M&A businesses. His dual reporting line to Ryan
Voegeli, Head of Investment Banking for Canada, and Dan Grabos, Head of
Americas M&A, underscores his pivotal role in the bank’s North American
strategy.
Expanding Services in Canada
The hire of Stephen Stewart is part of Barclays’
broader strategy to invest in its Canadian platform. Geoffrey Belsher, the Chairman
and Country Chief Executive Officer for Canada, emphasized the importance of
this addition, stating: “This hire is further evidence of our unwavering
commitment to Canada, and the addition of Stephen to the team will help us to
further build upon our strong momentum.”
Meanwhile, TD Securities selected Paxos Settlement Service last year for Commodities in an initiative to adopt blockchain
technology for trade settlements. This partnership reportedly marked the first
instance of concurrent cash and commodity trade settlements using TD Securities
in traditional and digital precious metals markets.
This article was written by Jared Kirui at www.financemagnates.com.
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