Barclays Capital Adds Andrew Richards

Barclays Capital has hired Andrew Richards away from Morgan Stanley, and named him head of the bank’s private equity coverage in Asia Pacific, Reuters reported Friday. Richards will be a managing director at Barcap, and fill the void left by Takumi Tanaka, who left the firm earlier this year.

(Reuters) – Barclays Capital (Barcap) has poached Andrew Richards from Morgan Stanley in Europe, to head the British investment bank’s private equity coverage in Asia Pacific, two sources told Reuters.

Richards, who will be a managing director at Barcap, will fill a vacancy created by the departure of Takumi Tanaka, a former Lehman Brothers and Nomura Holdings banker, who left the bank earlier this year.

Barcap, the investment banking arm of British lender Barclays , and Morgan Stanley declined to comment. (Reporting by Stephen Aldred; Editing by