Two senior equity derivatives heads are among those to have lost their jobs as Barclays Capital prepares to cut 200 jobs in Europe, the Middle East and Africa, according to sources familiar with the situation.

Regis Loeb, head of flow trading, and Nick Nassuphis, head of equity exotics and structured product trading, are both understood to have already left BarCap this week following the end of a three month consultation period over job cuts, the sources said.