Barclays Said to Hire Ex-Morgan Stanley Banker Phelps in Sydney

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Barclays Plc, ranked third among takeover arrangers in Australia this year, hired former Morgan Stanley banker Toby Phelps to lead its property advisory in the country, said a person with knowledge of the matter.

Phelps will join as a managing director and head of real estate for Australia and New Zealand, the person said, declining to be identified before the appointment is announced.