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Barclays Hires Morgan Stanley’s Richards to Head Sponsor Unit

Nov. 7 (Bloomberg) -- Barclays Plc hired Andrew Richards from Morgan Stanley as head of financial sponsor for Asia Pacific, the company said in a statement today.

Richards will be based in Hong Kong and was most recently a managing director of European financial sponsors group at Morgan Stanley after working for the same unit in London and Tokyo, the press release said.

Richards was involved in advising on Bain Capital LLC’s acquisition of Bellsystem24 Inc. in 2009 and Lion Capital LLP’s acquisition of French frozen-food retailer Picard Surgeles, the release said.

For banking stories: {NI BNK BN <GO>} Top people news: {TOP WHO <GO>} Barclays people news: {BARC LN <Equity> TCNI WNEWS <GO>} Top finance news: {FTOP <GO>} Top people news: {TOP WHO <GO>}

To contact the reporter on this story: Cathy Chan in Hong Kong at kchan14@bloomberg.net

To contact the editor responsible for this story: Philip Lagerkranser at lagerkranser@bloomberg.net

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