Brazil Banker Cabral Resurfaces at Barcap

Ana Cabral-Gardner has joined Barclays as a Sao Paulo-based MD in the investment banking division. She was previously head of LatAm ECM at Goldman, which she left in late 2008. Barclays says she will cover the retail, consumer and healthcare sectors, reporting to Alceu Lima, head of Brazil investment banking. Lima describes the hire as, “an important step in the continued expansion of our Brazilian investment banking platform.” The UK bank is trying to build competitive LatAm ECM and M&A platforms as a bolt on for existing loan syndications and DCM expertise. It was expected to be one of the biggest hirers of 2010 in Brazil, following the appointment of headhunter Russell Reynolds late last year to help it acquire talent for investment banking and trading. Goldman replaced Cabral in 2008 with Pedro Leite Da Costa as head of ECM in LatAm. Cabral, an MD at Credit Suisse before Goldman, was strongly rumored in November 2008 to have been removed from day-to-day activities by Goldman, amid a reduction of 10% in global headcount.