Barclays Asia Sales Trading Head Norris Said to Plan Departure

Jeremy Norris, Barclays Plc (BARC)’s head of equity sales trading in Asia, will leave the bank later this year, two people with knowledge of the matter said.

Norris, based in Hong Kong, will leave after a transition period, the people said, asking not to be identified as the information is private. He is retiring from the industry and his pending departure isn’t part of recent job cuts at Barclays in the region, they said.

Norris declined to comment on his plans, referring the call to spokesmen for the London-based bank. Timothy Cuffe, a Hong Kong-based spokesman for the bank also declined to comment.

Norris joined Barclays in April 2010, according to a statement at the time. He was previously with CLSA Asia-Pacific Markets in Hong Kong as global head of equities trading, according to the statement.

Barclays is eliminating about 70 jobs, or 15 percent of its investment banking positions in Asia, people with knowledge of the matter said last week. The bank follows rivals including Morgan Stanley in trimming jobs in the region as an economic slowdown pares demand from companies for investment banking services.

To contact the reporters on this story: Bei Hu in Hong Kong at bhu5@bloomberg.net; Zijing Wu in Hong Kong at zwu17@bloomberg.net

To contact the editor responsible for this story: Andreea Papuc at apapuc1@bloomberg.net

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