Barclays bankers brace for job cuts in Asia

India equities among the areas earmarked for scaling back. Widespread talk of imminent job cuts at the British bank has some senior bankers already looking for an exit.

Barclays bankers brace for job cuts in Asia

Barclays’s bankers in Asia are feeling nervous. Talk of swathing job cuts in the coming weeks has many of them looking for a way out, say people familiar with their thinking.

Barclays plans to scale-back its 24-person strong India equities business and is mulling the sale of its Asian wealth management division, according to a variety of well-placed industry sources. Layoffs are most likely in cash equities and equities research across Asia, including Japan...

To continue reading, please login or register for free

Click for more on: barclays | moves | pay | equity trading

Print Edition

FinanceAsia Print Edition

CONFERENCES

  • Green Bonds Southeast Asia

    25 May 2017  |  Singapore
    With Green Bonds globally reaching USD200 billion outstanding in 2016, from as little as 30bn just 4 years ago, can SE Asia corporations and ...
  • 2nd Compliance Summit Southeast Asia

    17 August 2017  |  Singapore
    The 2017 Compliance Summit Southeast Asia will take an in-depth look at the key compliance considerations today with a focus on regulation and new ...