Forget the federal budget, today was all about Barrenjoey Capital Partners. The country's newest investment bank launched its long-awaited raid on UBS this morning, snaring some of the Swiss bank's top investment bankers and a slew of its equity sales operatives.
Senior bankers Jarrod Key, Barry Sharkey and Peter Nelson all jumped ship, as did trading kingpin George Kanaan.
Tonight, we take a dive into Barrenjoey's first hiring wave and there's a warning for UBS' local leadership: a second — and maybe even a third — round is coming.
