Due to a range of factors, including the perceived need to cut costs and Brexit anxieties, Barclays isn’t doing much hiring these days. It's also no surprise to see senior bankers depart for competitors in the U.S.
One example is Kieran Brady, formerly a managing director in the securitized products origination group at Barclays, who joined Earnest Inc., a San Francisco-based consumer lending fintech start-up, as the head of capital markets with business-development responsibilities.
A veteran structured-finance banker, Brady has experience working on acquisitions, securitizations, whole-loan purchases, principal finance opportunities, lending facilities and other investment banking functions.
Brady was a key member of Barclays’s asset-securitization team for almost a decade. He advised clients, structured transactions and brought them to market and was in charge of establishing and optimizing securitization platforms for large issuers of asset-backed securities. Before joining Barclays, Brady worked in the securitization group at Lehman Brothers for more than a decade. He had risen to the rank of senior vice president at the time the bank went under.
Meanwhile Peter Hadingham, a former director of equity funding and securities lending in the IBD at Barclays, has jumped from one big bank to another.
Hadingham just joined Societe Generale Corporate and Investment Banking (SGCIB) as a director.
Like Brady, Lehman Brothers hired Hadingham in 1997 and he worked his way up to senior vice president at the time of the bank’s demise. Initially running the collateral group in Lehman’s London office, Hadington soon moved to the bank’s New York headquarters, working variously in the U.S. equity collateral group, the U.S. securities lending middle office and U.S. equity funding.
Prior to joining Lehman, Hadingham worked at Dresdner RCM/Kleinwort Benson, SG Warburg/Mercury Asset Management and Long Term Capital Management, all London-based buy-side firms.
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