Wealth Manager - the site for professional investment managers

Register to get unlimited access to all of Citywire’s Fund Manager database. Registration is free and only takes a minute.

Barclays to cut 2,000 jobs in restructure

1 comment
Barclays to cut 2,000 jobs in restructure

Barclays is to cut up to 2,000 jobs in its investment arm as part of a restructure of the bank, according to the Wall Street Journal.

It said the cuts were likely to fall within the bank’s Asia and continental Europe divisions, as the bank looks to protect its US and UK wings.

Chief executive Antony Jenkins has been working on an overhaul of the business, which results set to be unveiled in February. Rich Ricci, who leads the bank’s investment arm, is leading the review of that division.

According to the paper, the recommended job cuts haven’t been endorsed by Jenkins or the Barclays board, and the final number could be affected by Jenkins’ review. It added that some senior executives were pushing for larger cuts.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Citywire TV
Play Navigating geopolitical risk with ETFs

Navigating geopolitical risk with ETFs

ETFGI’s Deborah Fuhr on how investors can use exchange-traded funds to position their portfolio.

Play Sarasin’s Boucher: why I like salmon with chocolate

Sarasin’s Boucher: why I like salmon with chocolate

Henry Boucher, manager of the £129 million Sarasin Food & Agriculture Opportunities fund, explains why he is gobbling up salmon and chocolate stocks.

Play Alibaba hype, the UK slowdown and opportunities in European sovereign bonds

Alibaba hype, the UK slowdown and opportunities in European sovereign bonds

Libby Ashby and leading wealth managers analyse what the Alibaba IPO hype means for Chinese equities, slowing growth of the UK economy and whether there’s anything left to play for in the European sovereign bond market.

Your Business: Cover Star Club

Profile: Barclays' former advisory boss on his move into property

Profile: Barclays' former advisory boss on his move into property

On paper, Rick Denton might have been expected to finish his career in banking

Wealth Manager on Twitter