Michael Moravec, one of Barclays Capital's senior leveraged loan bankers in the US, has transferred to London as part of a reshuffle, as the bank expects a recovery in leveraged loan issuance next year.

The market in syndicated loans in Europe has been subdued since the financial crisis hit the markets in the middle of 2007, as banks pulled back on lending and concentrated on their own balance sheets. This resulted in a boom in the bond markets as companies sought to renew their loan financing; however, the move by Barclays represents hope that the loan market will rebound in the coming year.