Earlier this month, UK investment bank Barclays announced that it had hired Institutional Investor ranked Ross Sandler as Senior Internet Analyst and Managing Director in the Americas Equity Research Department.
Barclay’s New Research Hire
Mr. Ross Adam Sandler joins Barclays from Deutsche Bank AG where he spent four years, most recently as a Managing Director and Senior Internet and Digital Media analyst. Prior to that, Sandler served as the Managing Director at RBC Capital Markets, where he worked for eight years covering US and international internet and digital media sectors. Previously, Mr. Sandler was an equity analyst and covered the internet and digital media sectors at UBS Investment Bank for four years.
Mr. Sandler has been covering the Internet sector since 2004, and has been a Top 10 ranked analyst in the Institutional Investor poll consistently since 2011. He has an MBA from NYU’s Stern School of Business and a BS from University of New Hampshire.
Rob Rouse, Barclays Head of Americas Equity Research explained the hire, saying “Ross is a tremendous addition to our department. He has a strong reputation for thoughtful and thorough research, and for being highly commercial in his client relationships. His breadth of experience will be integral as we continue to expand our impact as a thought leader in Internet, and his arrival underscores our commitment to providing the highest quality product across the Technology vertical to our clients.”
Barclays provides research coverage across multiple asset classes, markets, and world economies. The firm’s equity research coverage focuses on basic industries, consumer and services, financial services, healthcare, property, industrials, internet, media, telecom, technology, energy, power and utilities sectors. Barclays’ research division is based in New York, with additional offices in London, Sao Paulo, Brazil; Tokyo, Japan; and Tel Aviv, Israel.
The hiring of Ross Sandler is one of the first significant staff additions to Barclay’s equity research business since early last year when the firm closed its Asian cash equities business and slashed 1,000 investment banking jobs in Asia, while exiting Brazil, Russia, Taiwan and South Korea altogether. At the time, Barclays management explained they planned to focus on their business in Europe and the USA.
The big question we have is whether the hiring of Sandler was merely an opportunistic one-off event, or whether it signals a renewed commitment to expanding its research business. At this point, it is a little too early to tell. However, given the regulatory headwinds facing the industry out of Europe, we would be a little surprised if Barclays decided to grow its research franchise at this point.