From Reuters: Barclays Capital (known to sports fans as Barcap) has poached Andrew Richards from Morgan Stanley in Europe to head the bank's private equity coverage in Asia Pacific, two sources told Reuters. Richards, who will be a managing director at Barcap, is expected to fill a position that has been vacant since Takumi Tanaka, a former Lehman and Nomura banker, left the bank earlier this year.
Financial sponsor coverage bankers like Richards play a key role in winning mandates on private equity-backed investments, loans and IPO exits. Sponsor-backed exits have surged 77 percent this year in Asia to the highest level ever, recent Thomson Reuters data shows….
Find out more at http://www.reuters.com/article/2011/09/02/barclays-hire-idUSL4E7K20UI20110902
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