Reuters reported, citing people familiar with the matter, that Barclays has hired Reinhard Koester as a managing director covering specialty finance companies in the U.S.

Reuters said that Reinhard, who is based in New York, joins from Aquiline Capital Partners, where he was a member of the private equity firm’s investment committee.

Reuters noted that Koester’s hire comes after Barclays announced earlier this year it hired three other New York-based managing directors in its U.S. investment banking unit.

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