The heads of Barclays Plc's distressed-debt and investment-grade bond trading are both leaving the firm as the British bank cuts 1,200 jobs worldwide, according to a person with knowledge of the matter.
Dan Crowley, the distressed-debt head, and Anthony Bugliari, head of U.S. high-grade bond trading, are among a handful of people leaving the bank's credit-trading unit, said the person, asking not to be identified because the information isn't public.
Adam Yarnold, who leads the bank's securitized-debt trading team, will add the distresseddebt role to his responsibilities, the person said. Bugliari and Crowley had been with Barclays since 2008. Before that, the pair worked at Lehman Brothers Holdings Inc.