Barclays reshuffles industry coverage

Barclays has promoted internally to fill senior positions in its industrials, power & utilities, natural resources, TMT, and FIG coverage.

Barclays has promoted internally to fill several senior positions left vacant in Asia after a spate of recent departures.

With immediate effect, Lars Aagaard and Dirk Simmons have been made co-heads of the UK bank's newly combined industrials, power utilities group for Asia Pacific, a source familiar with the matter told FinanceAsia on Wednesday.

Aagaard joined Barclays in 2010 from Morgan Stanley and will move to Hong Kong from Australia to take up the new role.

In addition, Paul Early has been named head of natural resources for Asia Pacific, replacing Marc Benton, Barclays' former head of oil and gas investment banking,...

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