Societe Generale, Credit Agricole, Santander, and Millennium bcp declined to comment.
Barclays has 10 offices in EMEA, located in Paris, Frankfurt, Madrid, Lisbon, Milan, Zurich, Dublin, Amsterdam, Stockholm and Tel Aviv. Nonetheless, all but one of the new hires are based in London.
"In times of low interest rates, many customers are interested in finding additional sources of return," Hanegraaf said
Christian Sewing, the new CEO of Germany’s largest bank, said that the German and European markets were too fragmented, with disparate rules on insolvency, consumer protection, and mortgage securities.