Barclays' Macdonald leaves loan role, more cuts to come

Barclays 1
By Michael Turner
31 Jan 2014

Barclays swung the axe last week as up to five loans bankers are thought to be facing job losses. Jonathan Macdonald, the bank's managing director, head of loan syndicate for EMEA and Asia Pacific, has already been notified that his position is under review.

The cuts came as a total surprise to many at Barclays, according to a banker.

As well as Macdonald, EuroWeek understands that another managing director role is being put under review — but this one in New York.

The rest of the job cuts are thought to be among director-level ...

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