Barclays lures Socgen analysts

Barclays Plc, one of Europe’s biggest investment banks, has hired a team of equity analysts from rival Societe Generale SA as CEO Jes Staley seeks to make more money from trading stocks. Warren Ackerman has joined as head of European consumer equity research; Michael Sanderson will be co-head of diversified financial research. Four others are also joining the UK bank.

Staley has approved the hiring of more than 50 equity traders and analysts since last year in a bid to revive the bank’s stocks unit, which has been struggling, according to data compiled by Bloomberg Intelligence.