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LONDON, Sept 5 (Reuters) - Barclays is set to nameJPMorgan banker Tim Throsby as the head of its Corporate andInternational division, sources with direct knowledge of thematter said, ending a six-month search for the number two jobunder Chief Executive Jes Staley.
Throsby will also run Barclays' investment banking businesswithin that division, the sources said, filling the gap left bythe departure in March of Tom King.
Staley has been running the division himself while the banksearched for a replacement.
Spokeswomen for Barclays and JPMorgan declined tocomment because the announcement is not yet public.
King's departure came as Staley announced the creation ofBarclays' corporate and international division as part of a new'transatlantic' strategy focused on the United States andBritain.
The new strategy saw the bank divided into two units,Barclays UK and Barclays Corporate and International, to complywith ring-fencing regulations aimed at safeguarding its retailbanking business from riskier operations.
Barclays' shares are down 20 percent so far this year, aftersuffering their worst single-day drop on record followingBritain's vote to exit the EU on June 23.
Throsby joined JPMorgan in 2010 as global head of equityderivatives before being promoted to global head of equities inSeptember 2012.
He joins a number of JPMorgan alumni recruited by Staley,who was himself CEO of the U.S. lender's investment bank beforejoining Barclays in December last year.
Former JPMorgan bankers now in senior roles at Barclaysinclude finance director Tushar Morzaria, chief informationofficer Mark Ashton-Rigby, chief operating officer Paul Compton,and chief risk officer CS Venkatakrishnan.
(Reporting by Lawrence White, editing by Louise Heavens)
