Barclays hires former Bear Stearns executive Trace McCreary as head of U.S. infrastructure finance

By Devika Patel

Knoxville, Tenn., July 21 - Barclays Capital that it has appointed Trace McCreary as managing director and head of U.S. infrastructure finance.

McCreary is based in New York and reports to managing director and co-head of U.S. leveraged finance Rick Van Zijl, according to a press release.

McCreary will be primarily responsible for developing Barclays Capital's relationships in the expanding infrastructure sector and will focus on airports, energy generation, ports, rail, roads, social, telecommunications and water and waste water infrastructure.

"Trace brings a wealth of experience in the origination and execution of financing for infrastructure transactions and is a welcome addition to our leveraged finance team," Van Zijl said in the release.

"We've witnessed a dramatic rise in the rate of private infrastructure investment, which is fueling demand for customized solutions to finance these investments. Trace will play a pivotal role in expanding our coverage of this high growth sector."

McCreary was most recently a senior managing director in Bear Stearns' global industries group, where he supervised infrastructure coverage. Previously, he was a managing director in leveraged finance origination for industrials at Credit Suisse, where he also covered infrastructure investors. Prior to that, he was a managing director in the industrials group at Citigroup.

Barclays Capital is the New York-based investment banking division of Barclays Bank plc.

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