Barclays said today it named John Langley and Joe McGrath co-heads of the global finance and risk solutions business within the firm’s investment banking division.

Both will report to Hugh “Skip” McGee, head of global investment banking, and will join the investment banking division’s executive committee, effective immediately. They succeed Larry Wieseneck, who was appointed chief strategy officer.

McGrath joined Barclays in 2006 to lead the Americas leveraged finance business, and has been head of global leveraged finance since 2010. He has over 20 years of experience in leveraged finance and leveraged capital markets. Prior to joining Barclays, McGrath held several key leadership positions at Goldman Sachs, including head of credit syndicate, head of US high yield capital markets and head of US high yield sales.

Langley has been head of global risk solutions since early 2011, and was previously co-head of the risk solutions business in Europe, the Middle East and Africa.

He has over 20 years of experience in rates and foreign exchange derivatives. Langley joined Barclays in 2006 from Merrill Lynch, where he held several senior positions including global head of currency options trading, head of risk advisory group and co-head of corporate risk management.

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