Barclays Industrials Banker Bertagna Departs for Macquarie
Barclays Capital’s Robert Bertagna, an investment banker to industrial companies such as Boise Cascade Holdings LLC and Tyco Electronics Ltd., is leaving for Macquarie Group Ltd. (MQG)
Bertagna, who was co-head of industrials at the Barclays Plc (BARC) investment banking unit, will become head of U.S. industrials for Macquarie, Australia’s biggest investment bank said in an e-mailed statement today. He joins in March and will be based in New York.
Macquarie has been expanding in North America as it seeks to capitalize on weakened competitors. The Sydney-based firm’s acquisitions this year include Fox-Pitt Kelton Cochran Caronia Waller, a New York-based investment bank that focuses on financial-services clients in the U.S. and the U.K., and Delaware Investments, a U.S. asset manager.
Macquarie is the 30th-biggest merger adviser this year and Barclays is ranked seventh, according to data compiled by Bloomberg. Morgan Stanley is the biggest, the data show.
Bertagna worked at Lehman Brothers Holdings Inc. for eight years before London-based Barclays bought its North American securities business out of bankruptcy in September 2008. Prior to Lehman, Bertagna worked at the predecessors of Credit Suisse Group AG (CSGN) and Goldman Sachs Group Inc. (GS)
Bertagna’s hiring was reported earlier on the Wall Street Journal’s Web site.
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