)
09:00 PM IST
Barclays PLC said on Friday it had hired an investment banker from Deutsche Bank AG, Ed Wehle, to focus on technology services deals based in New York.
Wehle, who is a managing director, will become head of global technology services banking and report to Barclays co-heads of technology banking in the Americas, Greg Dalvito and Laurence Braham, Barclays said in a statement.
A spokeswoman for Deutsche Bank declined to comment.
Wehle joined Deutsche Bank in 2017 but spent most of his 25-year career at Citigroup Inc, the memo said.
In 2016, Wehle advised on the sale of Dell`s Perot Systems to NTT Data Corp as well as the merger between Leidos Holdings Inc and Lockheed Martin`s IT services business.
Just about every investment bank has been scrambling to hire bankers specializing in technology to keep up with demand from clients across industries which are grappling with sweeping changes to their businesses ranging from automation to artificial intelligence.
Deutsche Bank said it hired a software banker Matthew Upton from Mizuho on Thursday.
Technology services providers such as IBM, Cognizant Technology Solutions and Accenture have been expanding their offerings in digital and cloud services through acquisitions to boost their profitability is under pressure as corporate clients demand more work for less money.
(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
)
)
)
)
)
)
)
)
)
)
)
)
)
)
)
Cost of home-cooked thalis declines 6% in May, driven by cheaper vegetables: Crisil report
India GDP growth at one-year high of 7.4% in Q4, FY25 expansion at 6.5% 
India set to become 3rd largest economy by 2027: Piyush Goyal
Can insurance industry use CIBIL-like credit scores soon?
India's GDP likely grew by 7% in Q4FY25; current fiscal year GDP to settle at 6.3%: Report
