LONDON (Reuters) - Barclays announced a shake up at its investment banking business on Thursday aimed at streamlining the business and creating regional chiefs as it positions itself for a more challenging outlook for the industry.
Rich Ricci, head of corporate and investment banking, told staff in a memo seen by Reuters that Barclays will merge its trading and distribution teams across fixed income, commodities and currencies (FICC) and equities into a new Markets business, which will be led by Eric Bommensath.
Ricci announced a slew of other changes and some senior departures from the bank.
(Reporting by Steve Slater, editing by Kirstin Ridley)
