Forget the lay-offs, Barclays Capital to strengthen ECM team

Despite announcements of worldwide lay-offs, Barclays Capital executives say they will build their Asian team.

Barclays Capital announced last week it will lay off 400 employees globally. While the bank said it is mostly to affect back-office operations and no front-line investment bankers will lose their jobs, the move raised questions out here in Asia, where the bank has continually positioned itself as trying to grow its business.

“We are building on our existing platform of equity-linked products and derivatives we are seeking to build an equity capital...

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