Barclays Capital, the investment banking division of London's Barclays Group, has tapped a Morgan Stanley veteran to head its U.S. equities and bond business.

Peter Needham joins Barclays as a managing director and U.S. regional manager of equities and bonds, a new position. Mr. Needham will be responsible for integrating Barclays' U.S.-based equity and bond groups with the British banking company's U.S. government finance business.

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