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Barclays Said to Start Cutting 100 Asia-Pacific Jobs

Barclays Plc, the U.K.’s second-biggest bank by assets, will start eliminating 100 jobs across its Asia-Pacific investment-banking and markets businesses this week, a person with knowledge of the matter said.

The reductions represent about 5 percent of the London-based firm’s investment bank workforce in the region, said the person, who asked not to be named because the cuts aren’t public. Barclays will also name Vanessa Koo to replace Edward King as Asia-Pacific head of mergers and acquisitions, the person said.