Barclays Taps Macquarie’s Alden to Lead Aerospace and Defense

Barclays Plc has hired a new global head of its aerospace and defense investment banking team.

Tim Alden is joining from Macquarie Group Ltd.as a managing director based in New York, according to a memo reviewed by Bloomberg News. He will also advise the bank’s industrial clients on mergers and acquisitions and other strategic decisions.

A representative for Barclays confirmed the contents of the memo.

Barclays’ industrials team has notched some big M&A wins in North America and Europe this year. It has advised on deals including Parker Hannifin Corp.’s $9.25 billion acquisition of Filtration Group, Occidental ...