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 signs Credit Suisseâs head of equities research sales
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New kid on the block Barrenjoey Capital has snared one of the countryâs most experienced equities salespeople.
From left, Barrenjoey Capital CEO Brian Benari, executive chairman Guy Fowler and COO John Cincotta.Â
Louie Douvis
Street Talk understands Barrenjoey has hired Credit Suisse managing director and head of Australian equities research sales Mark Malouf, who is consistently ranked the top salesman in the market.
Malouf will work alongside the bankâs head of cash equities â and ex-UBS senior trader â George Kanaan, who was the first to leave the Swiss bank in Octoberâs talent raid.
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.
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.
âWe anticipated the raidsâ: How Barrenjoeyâs poaching day unfolded for UBS
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March 15, 2021 â 4.46pm
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From the salubrious Chifley Square executive offices at Australiaâs regularly ranked top investment bank, UBS, the governing executives had been ready for the final push against it.
More than a year ago, when the industry got wind of a new investment banking house formed by former UBS executives, the Swiss-owned investment bank knew it would be under attack.
The new but extremely well connected financial services upstart Barrenjoey Capitalâs plan was to pick the eyes out of UBSâs valuable pool of capital - its talent, its rainmakers and its networkers.