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Jeff Porphy appointed as Head of Idea Generation & Transaction Development for US Leveraged Finance

11 Oct 2007

NEW YORK (October 11, 2007) – Barclays Capital, the investment banking division of Barclays PLC, today announced the appointment of Jeff Porphy as a Managing Director in US Leveraged Finance.   Mr. Porphy will be based in New York and will lead the Idea Generation and Transaction Development team within the US Sponsor Coverage group.  He will report to Peter Glaser and Ted Iantuono, Managing Directors and Co-Heads of US Sponsor Coverage, which is part of the US Leveraged Finance group headed by Rick Van Zijl and Joe McGrath.

“Jeff will play a major role in expanding our US financial sponsors effort,” said Mr. Van Zijl.  “He brings with him considerable expertise and strong relationships that will add significant value to our overall leveraged finance franchise.”

Mr. Porphy joins from Credit Suisse, where he worked for 14 years.  He was most recently a Managing Director, Head of Financial Sponsors M&A and Co-Head of Middle Market M&A. Previously, Mr. Porphy was at Lazard Freres & Co. as a financial analyst in the Investment Banking Group.

About Barclays Capital US Leveraged Finance
Barclays Capital’s US Leveraged Finance Group, established last year, is quickly becoming a major player in the US capital markets with involvement in over 50 leveraged transactions - more than three dozen so far this year - totaling more than USD$76 billion, including:  cross border acquisitions, natural resources & commodity finance, infrastructure, mid-cap buyouts, structured finance, and structured principal investing. Some of the most sophisticated issuers in the marketplace are turning to Barclays Capital.

About Barclays Capital
Barclays Capital is the investment banking division of Barclays Bank PLC which has an AA long-term credit rating and a balance sheet of over US$2.3 trillion (£1.1 trillion)*. With a distinctive business model, Barclays Capital provides large corporate, government and institutional clients with solutions to their financing and risk management needs.  Barclays Capital has offices in 26 countries, employs over 15,700 people and has the global reach and distribution power to meet the needs of issuers and investors worldwide.

For further information about Barclays Capital, please visit our website www.barclayscapital.com.

*US$ figure was derived using the US$/£ exchange rate at 30.06.07 of US$2.01/£1

 

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