BarCap Appoints Corporate Finance Leaders
October 15, 2008
As part of its ongoing process, to integrate Lehman Brothers personnel, Barclays Capital has appointed 12 professionals to oversee various industry groups within its investment banking division, the bank announced today.
The sector banking leaders report to Ros Stephenson and Joe Gatto, co-heads of corporate finance.
Two of the appointees are BarCap veterans, while the remaining 10 recently joined the firm via its acquisition of Lehman Brothers' North American franchise. Stephenson and Gatto report to Hugh "Skip" McGee III, BarCap's head of investment banking, who held the same position at Lehman before its bankruptcy.
The following is a list of the publicized corporate finance appointments:
Nisha McGreevy, head of consumer
Jack Callaway, head of communications
Patrick McMullan, head of healthcare
Bob Bertagna and Mathew Pendo, co-heads of industrial
Bill Cohen, head of media
Carlos Fierro, head of natural resources
John Lange, head of power
Steve Hash, head of real estate
Andy Taussig, head of retail
Laurence Goldberg, head of technology
Pendo and McMullan were employed at BarCap prior to the Lehman acquisition. In June, McMullan joined BarCap as a managing director and head of healthcare coverage from Bear Stearns, where he was a senior managing director and co-head of healthcare investment banking. Three of McMullan's former Bear colleagues followed him to BarCap. Pendo, meanwhile, was most recently BarCap's co-head of U.S. investment banking.
BarCap covered all of the above sectors, such as healthcare and power, prior to the Lehman deal, though the firm followed some more closely than others.
Lehman's U.S. investment banking platform was much larger than BarCap's; the latter did little M&A and no cash equities in the U.S. Therefore, the Lehman acquisition gives BarCap valuable equity and M&A heft.
Lehman's entire North American energy banking team chose to stay on at BarCap, while other bankers, such as Janine McGrath Shelffo, chose to move on. Shelffo, who was a Lehman managing director and senior media coverage banker, was hired by UBS as a managing director in the Swiss firm's technology, media and telecommunications group.
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