Barclays builds on syndicated loan team

The bank announces three new hires as it forecasts a significant jump in the syndicated loan market.
Barclays Capital has added to its regional syndicated loan team, announcing three new appointments in Asia-Pacific. The announcement follows several related appointments earlier in the year and comes as it forecasts a significant jump in the syndicated loan market in 2006 and the years ahead.

Birendra Baid joins Barclays Capital in Singapore and will focus on all syndicated loan opportunities arising out of the Indian market. He reports to Richard Palmer, head of loan origination and structuring for Asia-Pacific, and will take up the role in early January.

Baid crosses to Barclays Capital from RZB where he spent the past four years originating and distributing structured corporate loans with a focus on India, Indonesia, Singapore and the Philippines. Before this position, he was employed by FleetBoston in Singapore and ICICI Bank in Mumbai.

Also moving to Barclays Capital is Claude Chevroulet. As a Singapore-based director, Chevroulet will spearhead the origination and structuring of high-yield loan facilities for distribution to hedge funds and other non-traditional loan investors. He will split his reporting line to Hans Fuchs, head of global loans Asia-Pacific, and to Romeo Uyan, head of Asia credit trading.

Chevroulet comes to Barclays Capital from Credit Suisse where he was a senior director in its Asian structured lending group and will officially start his new post in January. At Credit Suisse, he also worked in emerging markets credit risk management and credit research, prior to joining the structured lending business.

Barclays Capital has also hired Cecily Fan in Hong Kong. Fan will answer to the title of associate director and joined the firm on November 23. She will work closely with Justin Crane, Barclay's head of loan syndicate and sales for Asia-Pacific and focus on loan sales, investor coverage and distribution.

Fan joins Barclays Capital from Calyon where she spent five years. She also brings experience from SMBC.

These hires follow a fruitful hiring period for Barclays Capital's syndicated loan business. In August, Crane rejoined the firm after two years at Citigroup in Hong Kong. Fuchs shifted internally from London in June of this year.

2006 has been the most successful for the Barclays Capital loan franchise in Asia-Pacific with more than 40 transactions completed across 12 countries year-to-date. Transactions completed include a number of M&A related financings such as SingaporeÆs PSA InternationalÆs $3.42 billion acquisition of a stake in Hutchison Ports business, MalaysiaÆs Genting BerhadÆs acquisition of Stanley Leisure plc in the UK, and the acquisition by Public Financial Holdings of Asia Commercial Bank in Hong Kong.
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