Multiple sources close to the matter have confirmed to Finance Magnates that the Head of FX at Barclays Adrian McGowan has decided to leave the company. He decided to pursue his interests outside of banking.
Sources close to the matter have confirmed that the move is not related to recent foreign exchange investigations.
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The U.K. bank is undertaking a restructuring of its operations and the position of head of FX will be scrapped. Head of U.S. macro trading Rob Bogucki and the head European rates trading Nat Tyce, will jointly lead the trading business of Barclays.
Finance Magnates reporters have contacted the U.K. bank for a comment or confirmation of the move, but the bank has denied further information.