Barclays Africa Forex Trader Duncan Howes Said to Be Suspended

Duncan Howes, a foreign exchange trader at Barclays Africa Group Ltd., has been suspended, according to a person with knowledge of the matter.

The bank process regarding Howes’ suspension isn’t yet completed, the person said Wednesday, asking not to be identified because the matter is confidential. The person declined to say when Howes was suspended or give a reason for the action. Howes, who is based in Johannesburg, said he has sought legal advice and couldn’t comment further when contacted by mobile phone on Wednesday.

Howes has been with Barclays Africa since at least 2007, a Bloomberg news report that quoted him in November of that year shows. He studied at the University of KwaZulu-Natal, according to his Facebook page, after attending Hilton College, one of South Africa’s top schools, also in KwaZulu-Natal province.

A spokesman for Barclays Africa, who asked not to be named in line with company policy, declined to comment on the suspension.

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