Barclays Appoints Three Senior Leaders in its Industrials Investment Banking Team

Barclays today announces the appointments of Derek McNulty as Global Co-Head of Chemicals Investment Banking, Derek Davidson as Head of Americas Commercial, Residential and Industrials Services, and Jared Itkowitz as Head of Americas Transportation and Logistics within Industrials Investment Banking. All three are based in New York and report to Spyros Svoronos, Global Head of Industrials Investment Banking.

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From left to right, Derek McNulty, Derek Davidson and Jared Itkowitz. (Photo: Business Wire)

Mr. McNulty joins Barclays with close to 30 years of experience in Investment Banking, most recently as Head of North America Chemicals at Citigroup in New York. He joined Citigroup in July 2022, having previously been a Managing Director at Jefferies in New York since the beginning of 2019. From 2006 to 2019, Mr. McNulty was with Barclays, covering strategic and financial sponsor backed chemical companies, and at the time of his departure was the Head of Americas Chemicals. Throughout his career, he has executed more than $75bn in strategic advisory mandates as well as equity and debt transactions for blue chip clients including Dow, Eastman Chemical, LyondellBasell, Westlake, Element Solutions, Chemours. Air Products and Axalta. In addition, he has extensive deal experience with top tier sponsors including Carlyle, Blackstone, Bain, HIG, New Mountain, Cerberus and American Securities. In his new role at Barclays, Mr. McNulty will work in partnership with Gabriel Gruber, Global Co-Head of Chemicals Investment Banking.

Mr. Davidson will join Barclays from Morgan Stanley, where he was a Managing Director based in New York leading coverage of companies providing commercial, residential and professional services. He has also spent time across large cap diversified industrials and building products coverage. Mr. Davidson joined Morgan Stanley in 2010, spending his first 11 years with the firm in the global services group and the last 3 years as part of the global industrials group. Throughout his career, he has experience advising corporate and financial sponsor clients on strategy, transformative M&A, defense, as well as equity and debt capital raising. During his time at Morgan Stanley, he executed transactions for notable clients including Rollins, Iron Mountain, Allied Universal, CBRE, ADP, Brightview, 3M, Divisions Maintenance Group, Hunter Douglas, Service Logic, and BGIS. In addition, he has extensive experience working with leading financial sponsors including Carlyle, Blackstone, Bain, KKR, HIG, New Mountain, Warburg Pincus, Roark, and Leonard Green.