By Liana B. Baker
Feb 5 (Reuters) - Sara Dawes Price, an investment bankerfocused on private placements, has left Barclays Plc tojoin former Morgan Stanley banker Paul Taubman's PJTPartners Inc, according to people familiar with thematter.
Price will start her new role in March, the people said,asking not to be named because the hire had not yet beenannounced.
Barclays and PJT declined to comment.
At PJT, Dawes Price will continue to focus on privateplacements, a form of fundraising in which a company raisesequity or debt capital by issuing shares or bonds to relativelyfew investors through private sales, rather than through apublic offering.
Dawes Price joined Lehman Brothers, which was later acquiredby Barclays, as a vice president in 2007, according to herLinkedIn page. Earlier in her career, she worked at GoldmanSachs Group Inc and JP Morgan Chase & Co.
Taubman, a Morgan Stanley veteran who founded PJT,agreed in 2014 to merge his investment banking advisory firmwith the advisory businesses of private equity firm BlackstoneGroup LP. He then took the combined entity public inOctober.
PJT competes with publicly listed peers Moelis & Co,Evercore Partners and Greenhill & Co, as well asbig investment banks. (Reporting by Liana B. Baker in New York; Editing by FrancesKerry)
Barclays (BARC)
