Matthew Ginsburg, Barclays’ Asia-Pacific head of investment banking, is stepping down from his role and considering senior posts within the U.K. bank outside the region, a memo obtained by Bloomberg News shows.
The search for Ginsburg’s replacement comes after the departure of his former bosses including Robert Morrice, Asia-Pacific chairman and CEO, and Hugh 'Skip' McGee, global head of investment banking whom Ginsburg previously reported to. At least four managing directors of the unit in Asia left their roles since mid-April.
Sago, 46, will resign from his post in June and serve as an advisory director and vice chairman until he departs. The company has no plan to fill the deputy president position.
Among his roles, Sago served as co-chairman of the bank’s diversity committee in Asia.