Barclays Capital, the investment banking arm of the UK based financial services group, has hired nine bankers to its residential mortgage-backed securities division in the US - four of them from Citigroup.
The appointments follow the arrival of Tom Hamilton at Barclays Capital from Citigroup in June to build the US mortgage-backed business.
Hamilton has hired former Citigroup colleagues Will Sylvia as a director of trading in collateralised mortgage obligations Rohit Kumar as an associate director and Carla Giugliano as a manager.
All three report to Levent Kahraman, managing director and head of collateralised mortgage obligations who joined Barclays Capital from Citigroup at the same time as Hamilton.
Steve Peters moves from Citigroup to become an associate director in the mortgage-backed sales team.
The five others also join the team: Brad Boyse, John Cully, Wayne Lawrence and Pat Niro as directors and Dan Harvey as manager. All six will report to Chris Leslie, managing director and head of mortgage-backed sales.
Boyse comes from Goldman Sachs, Cully from Prudential Financial, Lawrence from UBS and Niro from JP Morgan Chase. Harvey previously worked at CSFB.