Barclays Capital, the investment banking division of Barclays Bank, yesterday announced that it has hired Marc Benton as a managing director and head of its oil and gas group. Benton spent more than 10 years with Citi before he left earlier this year to join Nomura as head of natural resources investment banking for Asia-Pacific ex-Japan.
His stint at Nomura turned out to be quite short-lived, however, and Benton left after just a few months. Insiders say uncertainty amid the ongoing integration of Lehman Brothers and differing opinions about the direction forward contributed to his early departure.
At Barclays, Benton will lead the sector coverage team and will be responsible for all investment banking transactions...
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