LONDON (Alliance News) - The head of Barclays PLC's investment bank is planning to retire as soon as next month, according to a Bloomberg report citing people with knowledge of the plans.
The board at the bank is understood to be leaning towards appointed an external candidate to replace Tom King, according to the sources.
King reportedly threatened to leave the bank last year after he clashed with then-chief executive Antony Jenkins, who has since been replaced by Jes Staley, over strategy at the investment bank.
http://www.bloomberg.com/news/articles/2016-02-17/barclays-s-king-said-to-plan-to-retire-as-early-as-next-month
By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance
Copyright 2016 Alliance News Limited. All Rights Reserved.
Barclays (BARC)
