Barclays has named a new head of its investment banking business covering the consumer retail sector in Europe, a team that has been hit by a string of senior departures since the summer.

Gavriel Lambert, who was head of the retail sector within UBS's investment bank before joining Barclays in 2013, will relocate from New York to London in January to lead the consumer retail group in Europe, the Middle East and Africa, according to an internal memo seen by Financial News.