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Banks love reorganizations (bankers, of course, hate them). But few banks embrace them quite as regularly as Barclays seems to these days.
The latest – marking new corporate and investment bank head Tim Throsby’s first real stab at the org chart – is a bit of a conundrum.
On the banking side, it is hard to argue with the logic. Having a single global head of banking in Joe McGrath should avoid the typical problem of co-heads being merely the heads of whatever region each of them is running.
Rejigging the Europe structure makes sense too.
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