Barclays Plc is losing another member of its debt team as Mark Bamford, the New-York based head of the firm’s global fixed-income syndicate, is leaving “to pursue other opportunities,” the company said in a internal memo.
Bamford, 53, joined Barclays in 2005. Since then, the bank has increased its presence in the U.S. investment-grade corporate bond market, becoming the seventh largest underwriter of deals in 2015 from 12th when he started, according to Bloomberg data. Bamford declined to comment.
The exit is the latest in a string of departures from the firm’s fixed-income group as Jes Staley, Barclays new chief executive officer, cuts jobs globally under a plan to focus on the firm’s most profitable businesses in the U.S. and U.K. Earlier this month, the heads of Barclays distressed-debt and investment-grade bond trading left the bank.
Jonathan Brown and Justin D’Ercole will become co-heads of the investment-grade syndicate, reporting to John Langley, head of global finance and risk solutions, and Tim Hartzell, global co-head of client capital management.