German M&A to Increase Next Year, Barclays Capital’s Jung Says

Barclays Capital’s new vice chairman for Germany, Hartmuth Alexander Jung, said he expects a “significant pickup” in mergers and acquisitions in Europe’s largest economy next year.

“Our M&A pipeline has increased significantly since this summer and we’re very bullish for 2011, despite some concerns about the economic environment and sovereign debt crisis,” Jung, who will join the firm on Jan. 1 as vice chairman of investment banking for Germany and Austria, said in a phone interview today. “Barclays Capital plans to hire selectively across all areas” to strengthen its position in M&A, he said.

The securities unit of the U.K.’s Barclays Plc is ranked 14th in German M&A in 2010 amid a 41 percent drop in overall volume, according to data compiled by Bloomberg. The firm wants to be “one of the premier investment banks” in the country, according to Jung. Barclays Capital advised Walldorf, Germany- based SAP AG, the world’s biggest maker of business-management software, on its $5.8 billion takeover of Sybase Inc. this year.

Jung, 48, will work closely with Ralf Herfurth, who oversees takeover advisory in Germany. Jung, who most recently worked for the Walther Rathenau Institute, a foundation for international politics, previously was the head of UBS AG in Germany and held positions at Credit Suisse First Boston and Rothschild, according to a statement today.

To contact the reporters on this story: Aaron Kirchfeld in Frankfurt at akirchfeld@bloomberg.net

To contact the editors responsible for this story: Frank Connelly at fconnelly@bloomberg.net

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