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Transatlantic Barclays "Will Not Break Our Stride" After Brexit Vote

Fri, 24th Jun 2016 06:49

LONDON (Alliance News) - Barclays PLC "will not break" its stride in the wake of the UK's vote to leave the EU, Chief Executive Jes Staley said on Friday.

In an emailed statement, Staley said the "significant" decision by the UK will result in "many questions" about what happens next.

"The answers are complex but our position is not: we will not break our stride in delivering the Barclays of the future," Staley said.

"We have stood in service of our customers and clients for over 325 years. We have been here for them through equally profound changes before. And no matter what has been laid before us, we have been here to help them achieve their ambitions. That does not change today. And through the uncertainty of the months ahead, be in no doubt that we are ready to do whatever it takes to uphold that promise," he said.

Staley said the strategy he set out in March, based on a vision of Barclays as a transatlantic consumer, corporate and investment bank, anchored in the UK and the US, was "not conditional" on the UK remaining in the EU.

"That remains the core of our strength and the Barclays of the future," Staley said.

By Samuel Agini; samagini@alliancenews.com; @samuelagini

Copyright 2016 Alliance News Limited. All Rights Reserved.

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