LONDON, Oct 9 (Reuters) - Barclays has appointedBen Davey as chief strategy officer for its investment bank tohelp oversee the restructuring of the business, according to aninternal memo.
Davey will report to Tom King, chief executive of theinvestment bank, and join the investment bank executivecommittee, King said in a memo sent to staff on Friday and seenby Reuters.
Davey was previously head of the financial institutionsgroup (FIG) for banking in Europe, the Middle East and Africa(EMEA), and in that role he had been active in advising Barclayson its investment bank restructuring.
Barclays said in May 2014 it would reduce the size of itsinvestment bank, cutting about 7,000 jobs over three years andexiting areas that were unprofitable or where it lacked scale.
"Ben will be based in London and focus on the ongoingdevelopment and execution globally of the strategic agenda forthe investment bank ... as we accelerate delivery of ourstrategy," King said in the memo.
Davey joined Barclays in 2010 from Rothschild, where he wasan advisory and M&A banker.
Mike Lamb and Peter Mason replaced Davey as co-heads offinancial institutions for Europe, the Middle East and Africa in June. (Reporting by Steve Slater; editing by Adrian Croft)