Bloomberg News
NEW YORK Barclays Capital, the investment banking arm of Barclays Bank PLC, has hired three managing directors as part of a two-year U.S. expansion plan.
Robert McKillip, who will head the diversified industries group, held a similar post at Banc of America Securities. Alok Singh, who will head Barclays corporate financing advisory business, was a managing director in Deutsche Bank AGs financial sponsor group, and Christopher Kinney, managing director in the power and utilities group, held a similar position at J.P. Morgan Chase & Co.
Robert Griffin, head of Barclays investment banking operations in the Americas, said last month that Barclays planned to hire about 50 senior bankers in investment banking by the end of 2002. So far it has hired about a dozen senior bankers, spokeswoman Linda Wynns said.
The London company recently hired Peter Toronto, formerly of Credit Suisse First Boston, as a director in the debt capital markets group, and named CS First Bostons Andrew Schaeffer head of U.S. bond syndicate operations. Mr. Toronto and Mr. Schaeffer had been at Donaldson Lufkin & Jenrette, which Credit Suisse Group bought in November for $13.4 billion.
In February, Barclays Capital chief executive Bob Diamond failed in his bid to lure a 40-person team of bond traders from CS First Boston in New York. In a highly publicized battle, the U.S. operation of the Swiss banking giant got those people to stay by sweetening their compensation packages.
Last month Barclays hired 21 traders and sales personnel for its U.S. energy futures operation.
