KPMG has hired a veteran capital markets banker, formerly at Barclays, to lead its ECM business in Europe, where the Big Four accountancy firms have been making efforts to take market share from the investment banks.

Ralf Nachtigall, a former vice chairman of equity capital markets at Barclays who left the bank earlier this year, has been named as head of ECM for Europe, the Middle East, Africa and India at KPMG, according to a statement on October 28.