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’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 and areas of the region where the bank is sub-scale, they said.

One person familiar with the matter told FinanceAsia that more clarity on job cuts and the British bank's...

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