Peter McKerracher poached by Barrenjoey Capital Partners

Barrenjoey Capital Partners has been conducting a major recruiting push.

Barrenjoey Capital has picked up another recruit, hiring Peter McKerracher from UBS.

Mr McKerracher has worked at the Swiss bank for 15 years, most recently holding the position of managing director, co-head of industrials and power and utilities teams.

He will be filling a gap in the coverage at Barrenjoey of the broad energy market, and with industrials’ coverage.

It comes after Barrenjoey recently hired Morgan Stanley oil and gas banker Nick Godhard and resources banker and Australia co-head Paul Early from Barclays.

Mr Early has been one of the few Australian Barclays bankers who have been Australian based. Barclays is a financial backer of Barrenjoey Capital, along with Magellan Financial Group.

Barrenjoey was launched as a new investment bank last year by top former UBS executives including regional boss Matthew Grounds and his offsider Guy Fowler.

It is understood that the Australian-based bank has aspirations to grow its staff numbers to about 400, after already securing more than 200 recruits.

Some of the other high-profile names to have joined the investment banking team are former Australian investment banking co-head Jabe Jerram and its local head of equity capital markets Dyson Bowditch.

UBS private equity banker Justin Dwyer has joined, as have UBS’s Luke Bentvelzen, telecommunications and media banker Peter Nelson and infrastructure banker Jarrod Key.

From JPMorgan, financial services banker Anthony Brasher has signed on to work for the firm along with its head of real estate banking Rob Stanton.

Australian block trader George Kanaan also joined Barrenjoey from UBS.