LONDON, May 27 (IFR) - Barclays has hired Mark Ashton-Rigbyas its new chief information officer, the fifth former JP Morgansenior executive to be recruited by the bank.
Ashton-Rigby is currently chief information officer forcorporate and investment banking at JP Morgan but will move toBarclays in August and be based in London, the UK bank said.
He will be responsible for "defining and executing Barclays'technology strategy to make technology a competitive advantage,"the bank said in a memo to staff.
Ashton-Rigby has spent three years at JP Morgan andpreviously worked at UBS and Deutsche Bank.
He joins a list of former JP Morgan bankers to move toBarclays, including CEO Jes Staley, the former JP Morganinvestment bank boss.
Finance director Tushar Morzaria also previously worked atJP Morgan, as did Paul Compton, who was this year hired as chiefoperating officer, and chief risk officer CS Venkatakrishnan.Ashton-Rigby will report to Compton.
It means Barclays' CEO, CFO, COO, CRO and CIO will have allworked for much of their career at JP Morgan, which pridesitself on having a deep bench of talented bankers.
Ashton-Rigby replaces Ian Buchanan, who left Barclaysearlier this year. (Reporting by Steve Slater)
Barclays (BARC)
