Exclusive: Prime services director quits Barclays
Daniel Cleland-James, director of equitiy finance sales trading at Barclays, has left the bank, Global Investor/ISF can exclusively reveal.
Cleland-James had worked at the bank for just over four years. He previously held positions with Merrill Lynch between 2007 and 2010 and Damension Data, where he held roles from 2004 to 2007.
Barclays declined to comment on his departure.
It is the fourth departure from the bank's prime services division that Global Investor/ISF has exclusively reported on during the last two days.
In the UK, Barclays' head of Emea equity finance and head of Emea and Asian fixed-income finance have left the bank while in the US its Americas fixed income finance head has also departed.
Several members of the team left over a period of several months between last October and early this year. Barclays made internal changes towards the end of 2013, including appointing David Lohuis as global head of equity financing in addition to his role as global head of fixed-income financing.
In May the bank set its redundancy target for this year at 7,000 across the investment bank, aiming to reduce the core business to no more than 30% of the group total by 2016.
“This is a bold simplification of Barclays. We will be a focused international bank, operating only in areas where we have capability, scale and competitive advantage," said Barclays CEO Anthony Jenkins in a statement on May 8.
"In the future, Barclays will be leaner, stronger, much better balanced and well positioned to deliver lower volatility, higher returns, and growth."
Cleland-James had worked at the bank for just over four years. He previously held positions with Merrill Lynch between 2007 and 2010 and Damension Data, where he held roles from 2004 to 2007.
Barclays declined to comment on his departure.
It is the fourth departure from the bank's prime services division that Global Investor/ISF has exclusively reported on during the last two days.
In the UK, Barclays' head of Emea equity finance and head of Emea and Asian fixed-income finance have left the bank while in the US its Americas fixed income finance head has also departed.
Several members of the team left over a period of several months between last October and early this year. Barclays made internal changes towards the end of 2013, including appointing David Lohuis as global head of equity financing in addition to his role as global head of fixed-income financing.
In May the bank set its redundancy target for this year at 7,000 across the investment bank, aiming to reduce the core business to no more than 30% of the group total by 2016.
“This is a bold simplification of Barclays. We will be a focused international bank, operating only in areas where we have capability, scale and competitive advantage," said Barclays CEO Anthony Jenkins in a statement on May 8.
"In the future, Barclays will be leaner, stronger, much better balanced and well positioned to deliver lower volatility, higher returns, and growth."
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