Billionaire-Led QXO Hires Barclays Banker Ihsan Essaid as First Finance Chief
- New venture of XPO-founder Brad Jacobs looks to do M&A
- Company is focusing on distribution of building products
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QXO Inc., the new company of trucking billionaire Brad Jacobs, hired a Wall Street banker to run its finances as it gets closer to becoming a publicly-traded business.
Ihsan Essaid, head of global mergers and acquisitions at Barclays Plc in New York, is taking over as QXO’s first chief financial officer, Jacobs Private Equity II LLC — Jacob’s investment firm — said in a Tuesday statement given to Bloomberg.