Barclays appoints Matt Pecot to run equities trading in APAC

Barclays raids Credit Suisse again as new head of equities for APAC joins from Swiss bank.

Barclays has appointed Matt Pecot from Credit Suisse as head of its equities business in Asia Pacific.

Pecot will oversee Barclays’ equities sales and trading activities in the APAC region which focuses on derivatives after the shuttering of its cash equities business in 2016.

Formerly responsible for Credit Suisse’s prime services and equities distribution in APAC, Pecot also previously acted as head of prime services and prime brokerage services for UBS in the region.

“We remain focused on areas that are aligned with our existing strategy and in businesses where there are clear, competitive advantages,” said Stephen Dainton, global head of equities at Barclays, who also joined from Credit Suisse last year.

“We have a strong business in Asia and I am confident that Matt will build out our equity derivatives and equity financing offerings in the region as we look to increase market share and profitability.”

Earlier this year Barclays hired another former Credit Suisse veteran, Naseer Al-Khudairi, to lead its global electronic equities operations.