The former co-head of global markets EMEA at Credit Suisse has departed to become global head of equities at Barclays.
Stephen Dainton will join the investment bank in September and will report to the chief executive of the corporate and investment business, Tim Throsby.
He will lead the global equities business across cash, programme trading, convertible, derivatives and syndicate.
Dainton joined Credit Suisse in 2003 as head of equity distribution EMEA before becoming head of equities for the region. Prior to that, he worked at Goldman Sachs where he managed teams across the equities business.
Throsby explained Dainton has established a reputation for building deep client relationships and has a proven track record of growing businesses.
“This appointment underlines our positive investment in the markets franchise to enhance our client offering and deliver future growth, in line with Barclays International strategy overall,” he said.
Dainton is the latest to depart a competitor investment bank for a role at Barclays. In July, Rupert Jones left Morgan Stanley after 19 years with the firm to join Barclays as its head of European equity research.