Barclays Investment Bank has axed a number of senior staffers from its investor solutions division, which creates structured products targeted at retail investors across equities, FX, commodities and other fixed income products that are then traded on the secondary market using its BARX platform.

According to the UK Financial Conduct Authority (FCA) register, on June 17 the bank let go three senior bankers servicing continental European countries from London as well as its Investor Solutions business.

The departing executives include Nicola Colavito, co-head of Italy and a managing director in global distribution with focus on strategic solutions across-asset classes (formerly head of DCM and strategic derivatives FIG at Goldman Sachs); Peter De Clercq, managing director and head of Belgium and Luxembourg (formerly executive director solutions sales Netherlands and Belgium at Goldman Sachs); and Christian Ahrling, a managing director in rates derivatives sales focused on the Nordics.

In addition, Fabrizio Boaron, managing director and head of investor Solutions Southern Europe, who was in charge of the investor solutions team in Southern Europe since 2007, has also departed. Boaron joined from UBS where held the roles of head of Italian derivative sales and managing director, structured credit trading.

Friedemann Gerhardt, director in solutions sales since 2010, has also left Barclays Investment Bank. Gerhardt joined Barclays from RBS global banking and markets where he was director of structured solution sales.

SRP also confirmed that Oliver Baker, in investor solutions sales, and William Gibbons, a director in insurance solutions in London have also left the firm.

SRP understands the cuts are part of the restructuring and headcount reduction of 2,000 Barclays employees within its investment bank (including sales and trading) and wealth management businesses announced at the beginning of the year by chief executive Antony Jenkins.

Media reports suggest that overall 450 directors and managing directors have been let go from Barclays Investment Bank during the first quarter of the year.

Barclays did not return calls and emails requesting comment and feedback about the bank’s investor solutions’ future plans.