STREET MOVES: Barclays Capital Shuffles Leveraged Syndicate Personnel
December 02 2009 - 3:02PM
Dow Jones News
Tim Broadbent has "assumed" responsibility for Barclays
Capital's U.S. leveraged loan syndicate, replacing William Hughes,
who left for Citigroup, Inc. (C) earlier this year, according to an
excerpt from an internal memo obtained by Dow Jones.
Meanwhile, Michael Moravec will transfer to the firm's London
office to assume responsibility for European leveraged finance
syndicate, Mark Bamford, head of global fixed income syndicate and
Larry Wieseneck, head of global finance and risk solutions, said in
the memo.
Both Broadbent and Moravex were managing directors in the bank's
U.S. Leveraged Loan syndicate.
In his new role, Broadbent will report jointly to Peter Toal and
Tim Ritchie, head of loan syndicate, while Moravec will report to
Bamford, the memo said.
In the U.S., Barclays' leveraged finance syndicate will continue
to be run by Peter Toal, who will report to Jim Merli, head of U.S.
fixed income, according to the memo.
The memo did not state when Broadbent and Moravec will begin
their new roles.
Brandon Ashcraft, a spokesman for the bank, confirmed the
appointments, but declined to comment further.
Hughes joined Citi as a managing director in the bank's capital
market origination Americas team, where he will be head of
leveraged syndicate. Citi's leveraged syndicate includes the loan
syndicate, high-yield bond syndicate and emerging-markets bond
syndicate desks in the Americas.
Hughes starts his new role at the beginning of next year.
-Kate Haywood, Dow Jones Newswires; 212-416-2218;
kate.haywood@dowjones.com
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