Barclays’ head of spot gold trading is leaving as part of the bank’s restructuring and its exit from the commodity business, sources familiar with the situation said yesterday.

Marc Booker’s exit leaves Martyn Whitehead, Barclays’ global head of metals and mining sales, as the bank’s only representative listed with the London Gold Market Fixing company. Barclays is one of the four banks that contributes to the twice-a-day price setting process for the globally recognised benchmark.

--- Another rat jumping ship.....