May 11, 2017
Barclays rejigs top management at investment banking arm
Barclays has shaken up the top management of its investment bank as the division's new boss puts his stamp on the business and seeks to rebound from a disappointing performance in the first quarter. Tim Throsby, who Barclays hired last year to lead its corporate and investment banking operations, has become interim head of its markets division. In the first three months of this year, Barclays missed out on a rebound in fixed income trading that boosted most major investment banks. Mr Throsby, the former head of equities at JPMorgan, is one of several former colleagues at the US bank that Jes Staley has hired since becoming chief executive of Barclays in December 2015. John Miller has been made head of global industry coverage banking, reporting to Mr McGrath, while Jean-Francois Astier will head its global capital markets business.
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