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© Reuters. FILE PHOTO: The logo of Barclays bank is seen on glass lamps outside of a branch of the bank in the City of London financial district in London September 4, 2017. REUTERS/Toby Melville/File Photo

(Reuters) – British bank Barclays (LON:) said on Thursday it has appointed CIBC Capital Markets’ Ryan Voegeli as head of investment banking for its Canadian operations.

Voegeli was head of global diversified industries investment banking at CIBC and prior to that had led the Canadian telecom, media & technology investment banking at Bank of America (NYSE:) Merrill Lynch.

Barclays has been a prime target in recent times for rivals to poach top executives. Reuters had earlier reported that more than two dozen investment bankers had left Barclays’ U.S. operations last year to rivals such as Citigroup and Jefferies Financial Group.

Jefferies last year hired Bruce Rothney to lead its newly installed investment banking unit in Canada. Bruce was at Barclays for 13 years and was most recently the CEO of the bank’s operations in Canada.

Voegeli has been involved in several transactions, including the sale of Shaw Communications to Rogers Communications for $26 billion.

“Ryan’s extensive industry relationships, combined with his proven leadership capabilities, will be of enormous value to our clients and colleagues,” said Geoffrey Belsher, Chairman and Country Chief Executive Officer for Canada.

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