Bank will operate on a genuine partnership model, where ownership is shared between staff and investors
King & Wood Mallesons (KWM) has advised investment bank Barrenjoey Capital Partners (Barrenjoey Capital) on its launch in the Australian market.
Barrenjoey Capital will operate as a full-service investment bank, offering corporate and strategic advisory, equity and debt capital market underwritings, cash equities, research, prime brokerage, and traditional fixed income services to both domestic and international clients.
The bank will adopt a genuine partnership model, where ownership will be split between staff and two major investors. Magellan Financial Group will own 40% of the bank while Barclays Bank will own 9.99% of the company.
The KWM team was led by partners Henrik Moritz and David Friedlander, with support from senior associate Shabarika Ajitkumar and solicitor Georgia Feltis.
The legal team also included partner Dale Rayner and solicitor Hayley Johnson, who provided banking advice, partner Bryony Evans and senior associate Lauren D’Ambrosio, who advised on intellectual property matters, and partners Wayne Leach and Mark McFarlane, who provided advise on competition and regulatory aspects.
Moritz expressed excitement at what the bank can bring to its customers.
“We are delighted to have been involved in bringing about this new offering to the market with the ability to provide greater flexibility of service and offering its people autonomy through the partnership model,” he said. “We look forward to seeing Barrenjoey Capital succeed under the leadership of its highly-respected management team.”
