Timothy Patrick Long, a veteran equity researcher in technology, media and telecom (TMT) sector, has joined Barclays as a managing director in NYC.
Before moving to the British investment bank, Long spent a decade as a senior equity analyst at BMO Capital Markets, U.S., covering communication equipment and hardware within the TMT space.
Long has had a very long career. He started out at Bell Communications Research before joining Merrill Lynch's research division as an equity analyst in 1996. He moved to Crédit Suisse AG in 2000 as a director and covered the wireless equipment sector before joining Banc of America Securities as an MD and senior research analyst in 2003. A year after Banc of America's merger with Merrill Lynch in 2008, Long shifted to BMO Capital.
A Bachelor of Science in Electrical Engineering from Manhattan College, Long holds an MBA in Finance and Management from the Stern School of Business, New York University, as well as a PhD. Back in the day, he was named as the top third communication technology stock picker in The Wall Street Journal's 2002 'Best on the Street' survey.
Long's MD appointment comes at a time when Barclays has been laying off people in a bid to cut costs. In the past couple of months, at least five people including four MDs are understood to have disappeared. They include Brett Tejpaul, head of digital for the markets division; Deborah Way, emerging markets distribution MD, Toby Baldinger, an MD in emerging market sales, Rhiannon Wakefield, an MD and global head of macro client strategy; and Emma Bryan, a market risk and control MD.
Barclays' CEO Jes Staley has indicated that the bank wants to cut bonuses this year.
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