Barclays bolsters software sector focus with new Vice Chairman appointment

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Barclays bolsters software sector focus with new Vice Chairman appointment
Credit: © Reuters.

On Wednesday, Barclays (LON: BARC ) announced the appointment of Sterling Auty as Vice Chairman, focusing on the Software sector within the Technology Investment Banking Group. Based in New York, Auty will report to Kristin Roth DeClark, Global Head of Technology Investment Banking.

Auty's move to Barclays follows his tenure at SVB Securities, where he served as a Senior Managing Director on the Technology Equity Research team and Head of Software Equity Research. In this role, he was instrumental in building out the software sell-side equity research franchise. Before joining SVB in 2022, Auty spent 25 years at JP Morgan as a Managing Director of Equity Research focused on the Software sector.

Kristin Roth DeClark expressed confidence in Auty's ability to bring valuable insights to Barclays' investment banking clients due to his extensive experience as a top-ranked research analyst. She emphasized that Auty's appointment is part of Barclays' commitment to investing and recruiting to ensure the success and continued strengthening of their Technology Investment Banking franchise.

The technology sector has become increasingly significant for Barclays' Corporate and Investment Bank, which currently ranks third in both Global M&A for Technology Software and Americas Equity for Software. The addition of Auty is part of an ongoing strategic hiring initiative by Barclays to expand coverage capabilities in Technology and Software-specific Banking.

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