Macquarie Capital expands U.S. leveraged finance offering
New York, 20 May 2015
- Michael Barrish and Jeff Abt join Macquarie Capital’s U.S. Debt Capital Markets Group as Managing Directors
- Barrish will focus on leveraged finance and Abt will focus on syndicated loans and high yield capital markets
- Appointments broaden coverage and deepen capabilities of U.S. Leveraged Finance platform
Macquarie Capital, the corporate advisory, principal investing and capital markets arm of Macquarie Group (“Macquarie”) (ASX: MQG; ADR: MQBKY), today announced the appointments of Michael Barrish and Jeff Abt as Managing Directors in its U.S. Debt Capital Markets (“DCM”) Group. Mr. Barrish will report to Stephen Mehos, Senior Managing Director and Head of Financial Products for Macquarie Capital in the U.S. Mr. Abt will report to Kevin Smith, Senior Managing Director and Head of Syndicated Loan and High Yield Capital Markets.
Mr. Barrish brings more than 18 years of investment banking experience with a specific focus on credit analysis, structuring, originating, committing capital and syndicating transactions. He joins Macquarie from RBC Capital Markets, where he led new business origination, structuring and execution for corporations and financial sponsors across a number of industries. Prior to RBC, Mr. Barrish worked in the Leveraged Finance Group at Merrill Lynch and previously at Citigroup.
Mr. Abt joins Macquarie from JP Morgan where he was a Managing Director in Leveraged Capital Markets. While at JP Morgan, Mr. Abt executed numerous leveraged loan and high-yield bond transactions across a variety of industries. Prior to JP Morgan, Mr. Abt was a Managing Director in Loan Capital Markets at RBC Capital Markets in New York, as well as the Loan Capital Markets group at Goldman Sachs and Lehman Brothers.
"We are excited to welcome Michael and Jeff to Macquarie," said Stephen Mehos. "They bring a very successful track record of raising debt capital for financial sponsors and corporate clients across a range of industries, and will provide Macquarie with broader transaction expertise, strong industry relationships and deep origination and syndication capabilities. They will help us ensure that we address a wider range of client needs across Macquarie’s expanding client base. These additions underscore the continued growth of our U.S. DCM platform."
Since January 1, 2014 Macquarie Capital has been a bookrunner on more than 70 leveraged finance transactions.
About Macquarie Group
Macquarie Group (Macquarie) is a global provider of banking, financial, advisory, investment and funds management services. Macquarie’s main business focus is making returns by providing a diversified range of services to clients. Macquarie acts on behalf of institutional, corporate and retail clients and counterparties around the world. Founded in 1969, Macquarie operates in more than 70 office locations in 28 countries. Macquarie employs approximately 13,900 people and has assets under management of more than $370 billion (as of March 31, 2015).
Macquarie Capital comprises Macquarie Group’s corporate advisory, capital markets and principal investing capabilities. Macquarie Capital’s expertise spans a variety of industry sectors including telecommunications, media, entertainment, gaming, financial institutions, industrials, energy, resources, real estate, infrastructure, utilities and renewables.
Further information: www.macquarie.com/whiteboard