Barclays Capital grabbed two more veterans to continue the buildout of its U.S. leveraged finance business. It has hired Tim Broadbent from JPMorgan and Jason Moynihan from Lehman Brothers, and some market players speculated John Gorham from UBS is also going to join the bank (see related story).
Moynihan will be the head of U.S. par loan trading and will report to Rick Van Zigjl, co-head of U.S. leveraged finance. He will begin in mid-April. Moynihan had been the head par loan trader at Lehman Brothers. He moved to the top position last April after John Gramins moved to trade stressed and distressed credits (LMW, 4/29). Alex Stromberg, who worked with Moynihan, will now assume his responsibilities. It is unclear whether there will be additions to the par trading effort.
Broadbent was a managing director in origination at JPMorgan. A JPMorgan spokesman confirmed his departure. Gorham was a salesman at UBS. A UBS spokesman declined comment. A Barclays' spokeswoman confirmed the Moynihan hire but could not confirm the Gorham or Broadbent hires. Moynihan could not be reached and Broadbent and Gorham did not respond to emails.