BARCLAYS Capital yesterday hired Josh Connor from Morgan Stanley to lead its global transportation banking group within the firm’s Global Industrials Investment Banking Group.
Connor will be based in New York and will join the firm in July.
The hire follows a series of moves by the bank over the past few months to bolster its coverage of the industrials sector as part of a strategy to compete with more established rivals in equity capital markets.
Last year John Miller moved to oversee industrials. Then Reid Marsh from Citi was hired to become chairman of the global industrials group, based in London, and Larry Hamdan was hired from Credit Suisse as head of global industrials M&A – based in New York.
Connor played a leading role in many of the sector’s most notable IPOs while at Morgan Stanley.
He advised Continental on its merger with United, Northwest on its merger with Delta and Canadian Pacific Railway.
“His vast experience as a trusted adviser to corporations worldwide will be highly valuable as we partner with our clients,” said Miller.