Funds News

MOVES-Credit Suisse hires two technology bankers from Barclays -sources

Aug 23 (Reuters) - Credit Suisse Group AG has hired Kirk Kaludis and Owen Bittinger, two technology investment bankers from Barclays Plc in San Francisco, people familiar with the matter said on Wednesday.

Kaludis and Bittinger will start at Credit Suisse later this year, the people said, asking not to be identified because the moves have not yet been announced.

Kaludis will become Credit Suisse’s co-head of Americas technology investment banking, along with a New York-based banker, Brian Gudofsky, according to the sources.

Bittinger will be a managing director in the global technology group.

Credit Suisse and Barclays declined to comment. Kaludis and Bittinger did not respond to requests for comment.

Kaludis was most recently a vice chairman of technology investment banking at Barclays. He was responsible for Barclays’ relationships with some of the largest technology companies including Apple, Cisco, Oracle, Tesla, Uber and Airbnb, according to his LinkedIn page.

Kaludis and Bittinger joined Lehman Brothers in 2000 and 2007, respectively. Barclays acquired Lehman in 2008.

Barclays has seen several departures of technology investment bankers in recent months, including managing directors Richard Sherlund, William Bowmer and Mark Garcia.

Sherlund, a former research analyst turned software investment banker, went to boutique investment bank Perella Weinberg Partners last month. Garcia, a banker who focuses on semiconductors, was hired by Citigroup Inc. It was unclear what Bowmer, an equity capital markets banker, was doing next.

To be sure, Barclays has also been hiring. Earlier this year it poached software banker Ben Freeland from UBS Group AG , according to the sources. He will start working for Barclays later this year in Menlo Park, California.

The changes at Barclays come after the bank’s former global head of technology, media and telecommunications, Laurence Goldberg, retired from the bank earlier this year and joined Canadian private equity firm Onex Group. (Reporting by Liana B. Baker in San Francisco; Editing by Chris Reese)