Barclays’ global head of trade and working capital Baihas Baghdadi (pictured) has left the bank. Sources tell GTR that he will be replaced by Deutsche Bank’s James Binns, who currently holds the position of global head of cross product solutions, cash management. It is understood that he will join Barclays in September.

The reason behind Baghdadi’s departure, and his next move, remain unknown to GTR. He had been with Barclays for 10 years and was appointed trade head in 2015.

Binns has been with Deutsche Bank since 2014 and previously worked at HSBC in a variety of trade roles across a number of locations.