Barclays has poached a senior banker from JPMorgan as its new global head of chemicals

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• Barclays announced Wednesday it had poached a senior banker from JPMorgan Chase to run its chemicals banking practice.
• Rob Jeffries is joining Barclays as vice chairman and global head of chemicals banking.
• He was co-head of the chemicals group at JPMorgan, where he'd worked since 2009.

Barclays has hired a senior banker from JPMorgan Chase to run its chemicals coverage globally.

Rob Jeffries is joining the British lender as vice chairman and global head of chemicals banking, Barclays announced Wednesday. He was previously the cohead of the chemicals group at JPMorgan, where he'd worked since 2009.

"We are delighted to welcome Rob to Barclays. The Chemicals space represents an important opportunity-set for our investment banking business, and the team is achieving outstanding results and momentum in the sector," John Miller, Barclays global head of banking coverage, said in a statement. "Rob's appointment will ensure that we continue to drive mind and market share with our clients."

Jeffries' hire bolsters Barclays investment banking practice, which ranked 7th globally in 2017, according to Dealogic. The firm ranked third in chemicals banking through the first half of 2018.