Barclays' head foreign exchange trading in Asia Pacific will reportedly exit just 18 months after joining the British bank.

Pritpal Gill, head of G10 FX and FX options trading in the region, has been let go by Barclays, according to a «Bloomberg» report citing unnamed sources, after joining its Singapore offices less than two years ago in January 2019.

Prior to joining Barclays, Gill ran a family office and also worked with Citigroup.

Broad Job Cuts

Gill’s exit is part of Barclay’s broader efforts to reduce costs by cutting 100 senior jobs mostly from its corporate and investment banking unit.

Previous senior exits include Jonathan Kitei, Americas head of securitized product sales, and Anindya Das Gupta, India head of trading.