Barclays has reorganised its APAC investment banking business after naming Avinash Thakur as head of the division.
Thakur had been managing director and head of capital markets financing for the region since 2014.
On the slew of promotions, he commented, “Asia Pacific is crucial to our global growth plan, and this team will drive the next phase of our ambition with clarity, deeper client relationships, and stronger collaboration across markets through focussed execution.”
Richard Satchwell has been promoted to APAC head of capital markets financing, after four years as CEO and head of investment banking for Australia. Relocating to Singapore, he will lead debt and equity financing.
Duncan Connellan will take on the Australian head of investment banking role, while David Henderson has been named CEO of the Australian business.
In India, Arun Saigal’s role as head of financing and M&A has expanded to lead investment banking. Pramod Kumar, CEO of Barclays India, is additionally taking on the role as APAC vice chairman of investment banking.
Ee-Ching Tay, head of investment banking for Southeast Asia, is now also APAC head of M&A.
Year-to-date 2025, Barclays ranks fifth in APAC ex-Japan M&A revenues with US$58 million and a 5.3% market share. The bank has moved up seven places in Dealogic’s rankings compared to this time last year. By volumes, however, Barclays did not break into the top ten.
In the IPO market Japan ranked fourth globally between May 2024 and April 2025, with US$9 billion issued in JPY.
