Barclays names investment banking co-heads for Asia

Barclays Sign

Barclays named Patrick Kwan and Reid Marsh co-heads of investment banking for the Asia-Pacific region to lead the division following departures and job cuts.

Bloomberg News reports that Kwan, who joined the bank in 2001, is the Asia-Pacific head of its global finance and risk solutions and distribution units, according to an internal memo obtained by Bloomberg News. Marsh joined the firm in 2010 from Citigroup and is vice chairman of investment banking and executive chairman of its global industrials group, the document showed. He will relocate to Hong Kong from London next month.

They replace Matthew Ginsburg two months after he stepped down to consider senior posts outside of the region. Barclays is cutting hundreds of jobs at its investment bank, with about 100 of those reductions in Asia, people with knowledge of the matter said in June. 

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Barclays Names Kwan, Marsh Asia Investment Banking Heads

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