CORRECT: STREET MOVES: Barclays Capital Shuffles Leveraged Syndicate Personnel

Tim Broadbent has "assumed" responsibility for Barclays Capital's U.S. leveraged loan syndicate, replacing William Hughes, who left for Citigroup, Inc. (C) earlier this year, according to an excerpt from an internal memo obtained by Dow Jones.

Meanwhile, Michael Moravec will transfer to the firm's London office to assume responsibility for European leveraged finance syndicate, Mark Bamford, head of global fixed income syndicate and Larry Wieseneck, head of global finance and risk solutions, said in the memo.

Both Broadbent and Moravec were managing directors in the bank's U.S. Leveraged Loan syndicate.

In his new role, Broadbent will report jointly to Peter Toal and Tim Ritchie, head of loan syndicate, while Moravec will report to Bamford, the memo said.

In the U.S., Barclays' leveraged finance syndicate will continue to be run by Peter Toal, who will report to Jim Merli, head of U.S. fixed income, according to the memo.

The memo did not state when Broadbent and Moravec will begin their new roles.

Brandon Ashcraft, a spokesman for the bank, confirmed the appointments, but declined to comment further.

Hughes joined Citi as a managing director in the bank's capital market origination Americas team, where he will be head of leveraged syndicate. Citi's leveraged syndicate includes the loan syndicate, high-yield bond syndicate and emerging-markets bond syndicate desks in the Americas.

Hughes starts his new role at the beginning of next year.

-Kate Haywood, Dow Jones Newswires; 212-416-2218; kate.haywood@dowjones.com

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