Barclays appoints Investment Banking Australia MDs

Barclays has appointed Duncan Beattie and Duncan Connellan as managing directors of investment banking in Australia.

Beattie would lead the overall delivery of international capital markets financing for clients in Australia and New Zealand.

Connellan would focus on expanding the coverage of financial sponsors, infrastructure funds and corporate clients through leveraged finance, acquisition finance and structured financing solutions.

Beattie, a qualified accountant, would join Barclays with 30 years of capital markets experience, and was most recently working as head of financial institutions group for J.P. Morgan.

With over 20 years of investment and commercial banking experience in Australia, Asia and Europe, Connellan would rejoin Barclays from Mitsubishi UFJ Financial Group, Inc. where he was head of strategic and acquisition finance, Australia and New Zealand for four years.

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Prior to that, he worked at Barclays for six years, including his role as head of loan capital markets and leveraged finance, Australia and New Zealand.

Richard Satchwell, country chief executive and head of investment banking, Australia, said Beattie and Connellan were outstanding additions to Barclays’ investment banking team.

“Their deep industry relationships and extensive transactional experience will generate tremendous value for our corporate and institutional clients in Australia and New Zealand,” Satchwell said.

“After obtaining our foreign authorised deposit-taking institution (ADI) license last month, I’m really excited to have Beattie and Connellan joining the bank, which further strengthens our commitment to our growth initiatives in Australia and more broadly in Asia.”