Barclays plan on cutting about 100 senior jobs at investment bank

About a dozen positions in Asia have been hit, though the cuts won't result in a retreat from any business or market in the region, said people in the know

Barclays Plc is embarking on a plan to cut about 100 senior jobs, mostly in trading roles across its corporate and investment bank, as the British lender seeks to rein in costs.

The bank has started trimming mainly managing director and director positions in London and Asian financial hubs, according to people familiar with the matter, who asked not to be identified as the details aren’t public.

A spokeswoman for Barclays in London declined to comment on the cuts, which are among the first to be implemented by a major investment bank in 2020. Last year saw several European lenders reshape their