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UPDATE 1-Barclays boss Jes Staley reshuffles top executives

Wed, 30th Sep 2020 15:35

(Adds detail)

By Lawrence White

LONDON, Sept 30 (Reuters) - Barclays Chief
Executive Jes Staley has reshuffled his senior lieutenants as he
looks to promote closer cooperation between the bank's
corporate, banking and markets operations amid a tough
environment for lenders worldwide.

Staley named longstanding deputy Paul Compton as global head
of banking and CS Venkatakrishnan, currently group chief risk
officer, as global head of markets, according to an internal
memo seen by Reuters on Wednesday.

The two, who like Staley were previously employed by
JPMorgan, will chair a new corporate and investment bank
management team aimed at bringing those business units closer
together, Staley said.

Barclays' current global head of markets, Stephen Dainton,
stepped down to become deputy head, the memo said, while global
banking head Joe McGrath becomes chairman of investment banking.

A spokesman for Barclays confirmed the contents of the memo.

The bank separately announced that it has hired Taalib Shaah
as group risk officer.

The bank's chief compliance officer, Laura Padovani, will
now also report directly to Staley rather than through the chief
risk office, the internal memo said.
(Reporting By Lawrence White
Editing by Sinead Cruise and David Goodman
)

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