Inside lane: how Barrenjoey cut in on UBS
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Barrenjoey Capital has joined UBS, Macquarie and Morgan Stanley as an adviser for Transurban’s potential buyout of WestConnex in the latest example of the upstart investment bank swooping in on the Swiss bank’s turf.
As well as cutting in on UBS’ mandate with a long-term and lucrative client, the new firm, run by chief executive Brian Benari, has poached its bankers, legal counsel Annette Spencer and, this week, top-rated analysts.
It’s even fighting it out for talent in the schools, launching a cadet program, just like UBS.