The firm aims to address longstanding concerns regarding the division's capital consumption relative to its returns, particularly amid heightened attrition among dealmakers. In outlining the strategic direction for the investment bank, Barclays' Chief Executive Officer, CS Venkatakrishnan, underscored plans to prioritize advisory and equity underwriting services to drive revenue growth and improve overall performance. The planned workforce reductions underscore the firm's commitment to aligning its organizational structure with strategic imperatives, positioning Barclays for sustained success in the dynamic and competitive landscape of investment banking. MENAFN04042024000045015687ID1108058645