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Inside lane: how Barrenjoey cut in on UBS Save Share Barrenjoey Capital has joined UBS, Macquarie and Morgan Stanley as an adviser for Transurban’s potential buyout of WestConnex in the latest example of the upstart investment bank swooping in on the Swiss bank’s turf. As well as cutting in on UBS’ mandate with a long-term and lucrative client, the new firm, run by chief executive Brian Benari, has poached its bankers, legal counsel Annette Spencer and, this week, top-rated analysts. It’s even fighting it out for talent in the schools, launching a cadet program, just like UBS. ....
2 Min Read SYDNEY, March 15 (Reuters) - Around 10 UBS Australia staff, including top banking analyst Jonathan Mott and top mining analyst Glyn Lawcock, have resigned from their multi-decade long positions at the Swiss investment bank, two sources with knowledge of the matter said. Both Mott and Lawcock, have been hired by Barrenjoey Capital Partners, a startup partly owned by Barclays Plc and Magellan Financial Group, according to the Australia Financial Review, which first reported the moves. Mott, who has worked as a banking analyst for UBS since 2002 according to his LinkedIn website, did not return Reuters messages seeking comment. Lawcock, a UBS veteran of about 20 years and one of only three mining companies analysts rated 5 out of 5 stars on Refinitiv Eikon, declined to comment. ....
âWe anticipated the raidsâ: How Barrenjoeyâs poaching day unfolded for UBS Weâre sorry, this service is currently unavailable. Please try again later. Dismiss March 15, 2021 â 4.46pm Save Normal text size Advertisement From the salubrious Chifley Square executive offices at Australiaâs regularly ranked top investment bank, UBS, the governing executives had been ready for the final push against it. More than a year ago, when the industry got wind of a new investment banking house formed by former UBS executives, the Swiss-owned investment bank knew it would be under attack. The new but extremely well connected financial services upstart Barrenjoey Capitalâs plan was to pick the eyes out of UBSâs valuable pool of capital - its talent, its rainmakers and its networkers. ....
Barrenjoey Raids UBS' Australia Unit finews.asia - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from finews.asia Daily Mail and Mail on Sunday newspapers.
UBS âwill rebuildâ after Barrenjoey Bloody Monday Mar 15, 2021 â 4.21pm Save Share UBS has pledged to rebuild its research and investment banking team after a âBloody Mondayâ raid on its top analysts and traders by local upstart Barrenjoey which is run by a group of former executives from the Swiss bank. The Australian Financial Reviewâs Street Talk column revealed yesterday morning that UBS was told of a first wave of resignations, following the landing of deferred cash bonuses. Among those defecting were top-rated analysts Jon Mott who covers banking and Glyn Lawcock who covers mining, and their junior partners, Dan Morgan and Minh Pham, gaming and transport analyst Matt Ryan, small caps specialist Josh Kannourakis, associate director of research Craig Stafford, and retail and consumer goods analyst Aryan Norozi. ....