Barclays Loses Tech Bankers; VCs Get Exits From Poolside, OpenRouter

Barclays has been losing tech bankers lately. 

Last night I reported that Tim Luke, a veteran semiconductor analyst and banker, is leaving the British investment bank to join Morgan Stanley. His position as a vice chairman in technology investment banking will further strengthen Morgan Stanley’s strong semiconductor banking franchise. 

Not too long ago, semiconductor dealmaking was overlooked by Wall Street, as software and internet matchmaking dominated headlines. But that’s changed thanks to the importance of chips in training and running AI. An increase in semiconductor M&A plus the initial public offerings of companies like Cerebras have put a premium on rainmakers with long-standing networks and knowledge in the industry.