Throsby shakes up Barclays CIB
Takes control of markets unit; builds global structure for banking.
Tim Throsby, who joined Barclays to run its corporate and investment bank at the start of the year, has pressed the button on his first big management changes in the division, creating a new global structure for banking and paving the way for new management of the markets unit.
The reshuffle comes as a maelstrom continues to swirl around Barclays CEO Jes Staley – the latest embarrassment being media reports of an email conversation between him and an unknown correspondent who was purporting to be the bank’s chairman, John McFarlane.
Staley has already had to weather storms including a whistleblowing scandal that resulted in him being censured by the bank’s board and an annual general meeting this week in which some 16% of shareholder capital did not approve his reappointment.
However, insiders told Euromoney that the latest emails had not been raised as a topic at a town hall meeting held in New York on Thursday night.
And one London-based banker at the firm told Euromoney that even if the litany of mishaps had been a topic of conversation in the office over recent months, clients – and candidates to whom job offers were being made – had been surprisingly untroubled.