BarCap Builds U.S. Leveraged Finance Business
Barclays Capital, the investment banking arm of the U.K. bank, has hired eight executives in less than a month to build its U.S. leveraged finance business under co-heads Rick Van Zijl and Joe McGrath, who joined recently from Goldman Sachs.
The bank said it plans to take headcount in the business to 50 this year.
Van Zijl and McGrath, both eight-year veterans of Goldman, joined BarCap as co-heads of U.S. leveraged finance in January.
They will be joined at Barcap by former Goldman colleagues Mark Jenkins, Josef Norflus, and Jeffrey Rowbottom.
Jenkins was a vice president in the capital markets/financing group at Goldman and joins BarCap as a director of leveraged corporate origination. Norflus, previously a vice president in the finance group at Goldman, has joined as a director in leveraged corporate origination.
Rowbottom served as a vice president in high yield capital markets at Goldman, and joins as a director and head of U.S. high yield syndicate at BarCap.
David Scudellari is also reported by Investment Dealers Digest to be joining the group.
Barclays Capital would not confirm Scudellari's appointment, as he remains on leave from Goldman Sachs.
Ron Kubick joins as a director in leveraged finance execution. He previously worked at GE Corporate Lending, as a senior vice president of origination, in the restructuring finance group.
Susan Winter becomes an associate director on the U.S. leveraged finance team, after previously working as a director at Institutional Investor, the publishing house.
John Kempf joins the bank as senior high yield analyst for the lodging, gaming leisure and gaming sector. He joins from Harbert Capital Management, where he was the director of credit research.
BarCap has also moved Chris Turner to New York from its high yield capital markets and syndicate desk in London to serve as a managing director in leveraged corporate origination.