Barrenjoey launches in New Zealand, poaching Jarden executives in battle for investment banking market
Australian investment bank Barrenjoey has entered New Zealand's capital markets, recruiting senior Jarden staff and triggering departures that raised questions about the market's capacity.
Australian investment bank Barrenjoey announced its New Zealand launch and recruited high-profile executives Silvana Schenone and Dan Reynolds from rival Jarden to lead the operation. The moves sparked a series of departures that left Jarden scrambling to reassure its staff and shareholders. The developments raised questions about whether New Zealand's capital markets have sufficient business to support another major investment bank.
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Barrenjoey and Jarden’s elephant hunt: the battle for a slice of a small market
It began with two big names and ended with a question hanging over New Zealand’s capital markets: is there enough work to support another major investment bank? In the space of a week, Australian investment bank Barrenjoey announced its New…