Duncan Beattie (L), Duncan Connellan (R)

Barclays appoints Duncan Beattie and Duncan Connellan as Managing Directors of Investment Banking Australia

17 January 2022

Sydney, 17 January 2022 – Barclays today announces the appointment of Duncan Beattie and Duncan Connellan as Managing Directors of Investment Banking in Australia. Both Mr. Beattie and Mr. Connellan will be based in Sydney and report to Richard Satchwell, Country CEO and Head of Investment Banking, Australia. Working closely with the Investment Banking teams locally and globally, they will further expand Barclays’ investment banking franchise in Australia.

Mr. Beattie will lead the overall delivery of international capital markets financing for clients in Australia and New Zealand. Mr. Connellan will focus on expanding further the coverage of financial sponsors, infrastructure funds and corporate clients delivering leveraged finance, acquisition finance and structured financing solutions.

“Duncan Beattie and Duncan Connellan are outstanding additions to our Investment Banking team. Their deep industry relationships and extensive transactional experience will generate tremendous value for our corporate and institutional clients in Australia and New Zealand,” says Richard Satchwell, Country CEO and Head of Investment Banking, Australia. “After obtaining our foreign authorised deposit-taking institution (ADI) license last month, I’m really excited to have Mr. Beattie and Mr. Connellan joining the bank, which further strengthens our commitment to our growth initiatives in Australia and more broadly in Asia.”

Mr. Beattie joins Barclays with 30 years of capital markets experience, having a deep understanding of Australia’s banking landscape. He is also a qualified chartered accountant. Based in Sydney, Mr. Beattie was most recently J.P. Morgan’s Head of Financial Institutions Group (FIG) and had been Co-Head of Debt Capital Markets for 16 years where he managed debt origination and execution for a wide range of borrowers. Before that, he spent 10 years with Nomura in London covering equity capital markets and three years with KPMG in Glasgow.

With over 20 years of investment and commercial banking experience in Australia, Asia and Europe, Mr. Connellan rejoins Barclays from Mitsubishi UFJ Financial Group, Inc. where he was Head of Strategic and Acquisition Finance, Australia and New Zealand for over four years, providing financing solutions for private equity, infrastructure and corporate clients. Prior to that, he worked at Barclays for six years, including his role as Head of Loan Capital Markets & Leveraged Finance, Australia and New Zealand. He also worked for The Royal Bank of Scotland in London, National Australia Bank in Melbourne and London, as well as Bankers Trust in Sydney.

Barclays has been providing global financing solutions to local clients and is a leader in the Australian leveraged finance market. The firm has successfully re-established its place amongst the leading banks locally for offshore capital markets issuance1 and has been active role in offering innovative Environmental, Social, and Corporate Governance (ESG) solutions, as well as supporting key clients with their acquisition financing requirements.


Notes for Editors

Barclays has been in Asia Pacific for over 50 years and primarily supports corporations and financial institutions across the Asia Pacific region, catering to their cross-border Corporate and Investment banking needs and connecting them to the capital markets of UK, Europe and the Americas. Barclays in Asia Pacific is headed by Jaideep Khanna, its regional Investment Banking and Global Markets business is respectively led by Vanessa Koo and Matt Pecot.

Recent key hires and development at Barclays in Asia Pacific

• Oct 2021: Angela Liu, Country CEO, China
• Sep 2021: Jiang Song, Head of Debt Capital Markets, Greater China
• Aug 2021: Barclays Bank infuses over Rs. 3,000 crore capital to grow India operations
• Aug 2021: Grace Kuo, Shanghai Branch Manager
• Aug 2021: Mani Joseph, Head of Asia Special Situations, Credit
• Jul 2021: Evonne Tan, Head of Barclays Private Bank, Singapore
• Jun 2021: Ee-Ching Tay, Head of Investment Banking, Southeast Asia
• May 2021: Girish Mithran, Head of Program Trading, Asia
• Mar 2021: Yehong Ji, Vice Chairman, Banking, Greater China
• Mar 2021: Kelvin Teo, Head of Equity Capital Markets, Asia Pacific


1Dealogic G3 international Bond volume for Barclays reached US$922m in 2021 (from US$190m in 2020)