Barclays Capital hires US corporate risk marketer

Barclays Capital has hired Peter Toolan as a director in its corporate risk management and derivatives management team.

Based in New York, Toolan will report to Ed Somekh, the managing director and head of corporate risk management and derivatives. He will be responsible for marketing and structuring products to corporate clients across a number of product areas including interest rates, commodities and credit derivatives.

Toolan was previously vice-president of corporate derivatives at Merrill Lynch, where he was responsible for the development and marketing of derivatives to a variety of US corporations. Before that, he was an auditor with Ernst & Young.

“Pete’s extensive experience in the derivatives market across a broad range of clients and products makes him a valuable addition as we continue to build our corporate derivatives team,” said Somekh.