Barclays said to cut 150 jobs at its investment bank

London

BARCLAYS plc is cutting 150 employees, including managing directors, at its investment bank globally as the firm shrinks its fixed-income operations, according to a person with knowledge of the matter.

Jim McCormick, the London-based global head of asset allocation research, and Sharon Casey, a managing director for interest rate sales in New York, were among the departures, said the person, who asked not to be identified because they weren't authorised to speak publicly.