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Barclays's Distressed, High-Grade Trading Heads Said to Exit

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The heads of Barclays Plc’s distressed-debt and investment-grade bond trading are both leaving the firm as the British bank cuts 1,200 jobs worldwide, according to a person with knowledge of the matter.

Dan Crowley, the distressed-debt head, and Anthony Bugliari, head of U.S. high-grade bond trading, are among a handful of people leaving the bank’s credit-trading unit, said the person, asking not to be identified because the information isn’t public.