News Releases

NEW YORK (July 21, 2008) – Barclays Capital, the investment banking division of Barclays Bank PLC, is pleased to announce the appointment of Trace McCreary as Managing Director and Head of US Infrastructure Finance.  He is based in New York and reports to Rick Van Zijl, Managing Director and Co-Head of US Leveraged Finance. 

Mr. McCreary has primary responsibility for developing Barclays Capital’s relationships in the expanding infrastructure sector and will focus on airports, energy generation, ports, rail, roads, social, telecommunications, and water and waste water infrastructure.

“Trace brings a wealth of experience in the origination and execution of financing for infrastructure transactions and is a welcome addition to our leveraged finance team,” said Van Zijl.  “We’ve witnessed a dramatic rise in the rate of private infrastructure investment, which is fueling demand for customized solutions to finance these investments.   Trace will play a pivotal role in expanding our coverage of this high growth sector.”

Trace McCreary was most recently a Senior Managing Director in the Global Industries Group at Bear Stearns where he oversaw Infrastructure coverage.  Previously, he was a Managing Director in Leveraged Finance Origination for Industrials at Credit Suisse, where he also covered infrastructure investors.  Prior to that, he was a Managing Director in the Industrials Group at Citigroup.

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 £1.2 trillion (US$2.4 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 29 countries, employs over 16,200 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 12.31.07 of US$2.00/£1

About Barclays
Barclays is a major global financial services provider engaged in retail and commercial banking, credit cards, investment banking, wealth management and investment management services, with an extensive international presence in Europe, the USA, Africa and Asia.

With over 300 years of history and expertise in banking, Barclays operates in over 50 countries and employs 135,000 people.

Barclays moves, lends, invests and protects money for over 38 million customers and clients worldwide.

For further information about Barclays, please visit our website http://www.barclays.com.

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