Barclays to cull 20% of jobs in Dubai wealth management arm

Pedro Gonçalves
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Barclays to cull 20% of jobs in Dubai wealth management arm

British banking group Barclays is shedding approximately 20% of wealth management jobs in Dubai, Bloomberg reported. According to the news report, the layoffs are likely to include senior personnel as well as support staff. The UK-based lender's wealth management business currently has about 100 employees. The lender offered to relocate some employees to Geneva or London instead of eliminating their roles, one of the people said. The decision follows a review of Barclays' UAE operati...

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