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Barclays Plc plans to move its Africa headquarters in Dubai back to
Johannesburg, a spokesman for the bank said on Sunday, leaving more
than 120 employees with the option of relocating or quitting the bank.
The British lender mainly runs back office functions for its Africa
operations out of its Dubai base. A source said employees had been
informed of the plan and their options. Sami Lahoud, head of corporate
affairs at Barclay’s Africa, said 123 employees affected by the move
will have until the end of the year to decide. “These are individual
decisions based on peoples circumstances and preferences,” Lahoud
added. “The majority of senior positions will move to Johannesburg. “By
the 1st of January 2012, we will be operating out of Johannesburg.”