Barclays Names RE/CMBS Chief

Michael J. Mazzei has been named managing director and head of U.S. real estate and commercial mortgage-backed securities at Barclays Capital, the investment banking division of Barclays PLC.Mr. Mazzei was most recently managing director and co-head of the real estate investment banking group at Lehman Brothers, where he also served for 10 years as the head of the company's fixed-income CMBS business, Barclays said. Grant Kvalheim, global head of investment banking and credit products at Barclays, said Mr. Mazzei will be charged with creating a team of about 50 professionals in a variety of disciplines. "The CMBS market averages some $78 billion in annual issuance, and it therefore represents an important new product area for Barclays Capital and for our clients," Mr. Kvalheim said. The company can be found online at http://www.barcap.com.