WSJ – Several executives in Barclays PLC’s hedge-fund financing unit are leaving to join other firms, the latest sign of churn in global prime-brokerage ranks as banks realign their businesses under new regulatory constraints.
Mark Bailey, the global head of treasury for Barclays’s equity-financing business, is joining trading-firm giant Two Sigma Investments LLC, according to people familiar with his plans. Mr. Bailey, a managing director based in New York, joined Barclays in 2011 from Bank of America Corp.’s Merrill Lynch unit. He didn’t respond to requests for comment.
