The Pak Banker - - FRONT PAGE -

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.

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