August 23, 2017 / 10:22 PM / 2 months ago

UPDATE 1-MOVES-Credit Suisse hires two technology bankers from Barclays

(Recasts with confirmation from memo, adds details)

By Liana B. Baker

Aug 23 (Reuters) - Credit Suisse Group AG has hired Kirk Kaludis and Owen Bittinger, two technology investment bankers from Barclays Plc in San Francisco, according to a memo the Swiss bank sent out on Wednesday.

Kaludis and Bittinger will start at Credit Suisse in late November, the memo said.

A Credit Suisse spokeswoman confirmed the contents of the memo. Barclays declined to comment.

Kaludis will become Credit Suisse’s co-head of Americas technology investment banking, along with a New York-based banker, Brian Gudofsky. They will report to the head of global technology banking at Credit Suisse, David Wah, who was promoted to be a co-head of investment banking and capital markets in May.

Bittinger will be a managing director in the global technology group and help cover software and infrastructure for the bank.

Credit Suisse also named David Goldstein a vice chairman of the global technology group, reporting to Wah. Goldstein, based in New York, had previously been running the technology services and fintech business.

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.

Bowmer will be opening a San Francisco office for Lincoln International, a Chicago-based advisory firm focused on middle market mergers and acquisitions.

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 Corp. (Reporting by Liana B. Baker in San Francisco; Editing by Chris Reese)

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