Allegiancy—The Richmond, Virginia, commercial real estate asset manager reports that it expects to double its staff size, now 18 employees, over the next two years. To accommodate its plans, the firm moved into new headquarters in Richmond with double the space. The new space includes a room where employees can play video games, to “unwind or recharge,” according to the company. The firm plans to expand its headquarters space again in two years. Allegiancy’s assets under management has grown more than 400 percent through a combination of organic growth and acquiring other asset management companies.
Barclays PLCThe London-based bank--one of the largest earners of U.S. investment banking fees from private equity firms-- has hired Christopher Turner, a Nomura Holdings Inc. managing director, the Wall Street Journal reports. According to the newspaper, Turner will join Barclays in October, reporting to Chris Sullivan, head of financial sponsors in the Amercia for Barclays (NYSE: BCS). Before starting with Nomura in 2013, Turner had worked nine years at Barclays plc and Lehman Brothers Holdings Inc., its predecessor. Turner advised Clayton, Dubilier & Rice LLC, Providence Equity Partners LLC and Thomas H. Lee Partners LP, among others.