Last checked at 
(Adds share price move, detail from media report, quote fromtrader)
LONDON, April 17 (Reuters) - Barclays announced anumber of promotions in its investment bank's management onFriday as it continues a review of the division that contributesabout half of group profit.
The British lender said in a statement that it had appointedEric Felder as head of markets, supervising the investmentbank's global sales and trading businesses across all assetclasses.
Felder, who joined Barclays from now-defunct U.S. investmentbank Lehman Brothers in 2008, was previously co-head ofsecurities.
In addition, Joe McGrath and Richard Taylor were named asco-heads of banking, responsible for the investment bank'sglobal corporate finance and strategic advisory units.
A former Goldman Sachs banker, McGrath was mostrecently a co-head of the global finance and risk solutionsbusiness. Taylor, who has in the past worked for Bank of AmericaMerrill Lynch and HSBC, was head of investmentbanking in the Europe, Middle East and Africa region.
All three report to Eric Bommensath and Tom King, the jointchief executives of corporate and investment banking atBarclays. Hitherto Bommensath had also been head of markets,while King was responsible for banking.
Barclays Chief Executive Antony Jenkins has embarked on thethird review of the investment bank in as many years in responseto pressure to cut costs and improve returns.
Analysts predict that this might lead to a cut in thedivision's size of up to 20 percent. This would equate to about5,000 jobs being lost out of 26,000 and could strip out about900 million pounds in annual costs.
A fresh media report about the review sent Barclays sharesup 3.6 percent to 246 pence by 1354 GMT.
The Sky News report cited a memo sent to staff by Jenkins,in which he said he wanted to set out a clear path to build abetter Barclays that can deliver sustainable returns and growth.
"If he's (Jenkins) being proactive about cutting jobs, Ithink that's a good thing," said Manoj Ladwa, head of trading atTJM Partners.
The bank said it will present a strategic update on May 8.
(Reporting by Clare Hutchison; Editing by Greg Mahlich andDavid Goodman)
