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Upstart investment bank Barrenjoey has converted a $40 million pile of redeemable preference shares to ordinary shares as it continues its hiring raids across Australia and Asia-Pacific.
Barrenjoey bolsters fixed income team
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Upstart investment bank Barrenjoey Capital Partners has made another slew of hires to strengthen its fixed income team as former UBS Australia boss Mathew Grounds prepares to join the outfit he had a hand in shaping.
The
Australian Financial Review understands that Yeeshu Kumar has been lured from Hong Kong – where he is a director at HSBC covering cash and derivative products – to join the new bank. Prior to HSBC, he worked at UBS for almost eight years.
Yeeshu Kumar has been hired by Barrenjoey Capital to join the fixed income team.
It is also expected that Lee Johns and UBS veterans Sam Kirtley and Samuel Cochrane will join the fixed income team under Duncan Haig, another former UBS trader and now Barrenjoey founding partner who has been busy assembling the new team for the “mini-Macquarie”-style investment bank.
UBS Vows to Pay Up to Rebuild Australia Team After Raid
This content was published on March 15, 2021 - 21:47
March 15, 2021 - 21:47
(Bloomberg) UBS Group AG has vowed to pay up for top talent to rebuild its team in Australia following a poaching spree from upstart rivals in the country where the Swiss bank has dominated deals in recent decades.
The Australian business, consistently one of the best performers for the bank globally, has been under pressure in recent months as former executives heading up new rivals lure staff with big payouts.
Still, Anthony Sweetman, co-chief executive officer of Australasia, says UBS remains an attractive employer. The bank has made more than 10 new senior hires in recent months.