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(Updates with confirmation of appointment by Barclays)
By Lawrence White
LONDON, Sept 5 (Reuters) - Britain's Barclays hashired JPMorgan banker Tim Throsby to head its Corporateand International division, ending a six-month search for thenumber two job under Chief Executive Jes Staley.
Throsby, 50, will also run Barclays' investment bankingbusiness within that division, filling the gap left by thedeparture of Tom King who retired from the bank in March.
Subject to regulatory approvals, Throsby is expected to takeup his new role in January, Barclays said. Staley has beenrunning the division himself while the bank searched for areplacement.
King's exit had been rumoured for some months prior to hisdeparture. The investment bank chief threatened to quit lastsummer during a row with the then CEO Antony Jenkins over thefuture of the division, people familiar with the matter toldReuters at the time.
King's departure came as Staley announced the creation ofBarclays' corporate and international division as part of a newstrategy focused on the United States and Britain.
This saw the bank divided into two units, Barclays UK andBarclays Corporate and International, to comply withring-fencing regulations aimed at safeguarding its retailbanking business from riskier operations.
Income from Barclays' investment banking division fell 5percent in the first six months of this year, as it sufferedfrom industry-wide problems including declining client trading,increased regulatory costs and persistently low interest rates.
Barclays ranked 7th among banks worldwide advising onmergers in the first half of the year, according to ThomsonReuters data, 4th for debt deals and 9th for equity financing.
The bank's shares are down 20 percent so far this year,after suffering their worst single-day drop on record followingBritain's vote to exit the EU on June 23.
Throsby, an Australian, joined JPMorgan in 2010 as globalhead of equity derivatives before being promoted to global headof equities in September 2012. He has also worked for CreditSuisse, Macquarie, Citadel Asia and Lehman Brothers.
He joins a number of JPMorgan alumni recruited by Staley,who was himself CEO of the U.S. lender's investment bank beforeleaving JPMorgan in 2013 and joining Barclays in December lastyear.
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. (Editing by Louise Heavens and Alexander Smith)
