Barclays hasn’t been the most stable of employers in Asia over the past 12 months as it refocuses on its core UK and US businesses.
Most dramatically, the British bank announced in January that it was closing its cash equity and convertible bond trading businesses across all Asian countries, with the loss of more than 200 jobs.
What’s happened to Barclays staffers who’ve left the firm in Singapore and Hong Kong – voluntarily or otherwise – in recent months?
We searched through public profiles to discover some of their new homes.
Alistair Duff: APAC head of electronic fixed income to consultant at financial innovation firm
Duff joined Barclays in 2004 and left in December 2015, by which time he was the Singapore-based APAC head of electronic fixed income, currencies and commodities distribution. His Barclays tenure included a stint as global head of electronic futures sales in New York. Duff is still in Singapore and works as a consultant for R3, a “financial innovation firm that leads a consortium of 52 of the world’s leading financial institutions to design and deliver advanced distributed ledger technologies to global financial markets”.
Bhavtosh Vajpayee: head of Asia ex-Japan equity research to senior research analyst at AllianceBernstein
Vajpayee spent five years as a managing director in Asian equities at Barclays – first as head of India equities and then (until May) as the Hong Kong-based head of Asia ex-Japan equity research. Vajpayee has already made a move to the buy-side – he’s now a senior research analyst covering Asian internet companies at AllianceBernstein in Hong Kong.
Zheng Ping Jiang: VP fixed income trader to director-level investment manager at Stan Chart
Singapore-based fixed-income trader Zheng had been with Barclays for six years and reached VP level by the time he left the firm in April. He was also the “top market maker for Singapore government bonds for 2014 and 2015”. His departure gave his career a shot in the arm – he moved to Standard Chartered in May as an investment manager and stepped up to director rank in the process.
Jonathan Green: director to head of equities electronic sales trading Asia
Another six-year Barclays staffer, Green had risen to director rank when he left the firm in Hong Kong last year. He’s now enjoying a senior job at HSBC in the city: head of equities electronic sales trading for Asia.
Manish Boyat: head of algorithmic trading technology Asia to director in boutique investment management firm
Boyat was with Barclays in Hong Kong between 2009 and 2015, most recently as a VP and head of algorithmic trading technology for Asia. The “hands-on technology manager with extensive experience in building and managing automated trading strategies” is now a director in quantitative trading at boutique investment management firm RKR Capital in Hong Kong.
Alan Yip: analyst to equity facilitation trader at UBS
It’s not only the old hands who have found new homes. Yip was a summer intern at Barclays’ Hong Kong office in 2013 and secured a place the following year on the firm’s trading and global markets analyst programme. In December 2015, however, he moved to UBS – one of the few global banks currently expanding in Asia – as an equity facilitation trader.
Joshua Choo: analyst to senior associate at Temasek
Choo’s career has followed a similar path to Yip’s: Barclays intern in 2013; Barclays analyst in 2014 – both in the firm’s investment banking division in Singapore. By leaving Barclays in March, Choo managed to make a coveted move to the buy-side after just two years and two months in IBD. He’s now at Temasek and he’s a senior associate.
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