Barclays Capital, the U.S. investment banking subsidiary of London-based Barclays Bank, said Thursday that it has agreed to purchase Daiwa Securities' global equity financing unit for an undisclosed sum.

The acquisition includes a prime brokerage business and related securities lending activities, including collateralized equity financing. Among the 52 Daiwa professionals joining Barclays, about 30 will work in New York and the others will join the bank's London and Hong Kong offices.

The new Barclays Capital business in New York will be headed by Kevin Mirabile, who established this unit for Barclays about three years ago.

Mr. Mirabile joins the bank as a managing director and will report to Thomas L. Kalaris, Barclays Capital's chief executive in New York, and to Jerry Del Missier, Barclays' global head of derivatives based in London.

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