Barclays has promoted one of its top dealmakers to lead its investment bank in continental Europe, the latest change at the UK lender which is shaking up the senior ranks amid a boom time for deals.

Pier Luigi Colizzi, who is head of mergers and acquisitions for Europe, the Middle East and Africa at Barclays, has been named head of investment banking for continental Europe. The Italian, who moved to his native country from London earlier this year, will also join the bank's European executive committee.