Australia's biggest investment bank Macquarie Group Ltd. (
ASX:MQG) recently hired three senior executives from Lehman Brothers Holdings Inc., expanding its North American capital markets and advisory businesses.
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David Baron joined as a managing director and head of financial
sponsors group in the U.S. for Macquarie Capital. He was a managing
director in the principal origination and financial sponsors groups at
Lehman.
Michael Meyers and Sean Fitzgerald arrived as managing
directors at Macquarie Capital, responsible for North American
distribution for private capital transactions through capital
structures including senior and junior debt, PIPES and ordinary equity
transactions. At Lehman, Meyers was head of equity syndicate private
placements, and Fitzgerald was senior vice president, private equity
syndicate.
Also, in September, Timothy Gould joined as a
managing director and head of U.S. equity syndicate for Macquarie
Capital. Previously, he was head of U.S. equity syndicate and chairman
of the equity underwriting committee at Lehman.
All the appointments were in New York.
Separately, on Feb. 4, Macquarie
acquired Constellation Energy Group Inc.'s (
NYSE:CEG)
natural gas trading operation in North America for an undisclosed sum.
The business is being integrated into Macquarie's existing North
American natural gas trading and marketing platform, Macquarie Cook
Energy.
The majority of Macquarie Cook's operations will be
relocated to Houston, and the integrated business will continue to be
led by Nicholas O'Kane, executive director and global head of
Macquarie's energy markets division. The deal is expected to close in
the second quarter. -
Baz HiralalFor more personnel changes, see Movers & shakers
