Jun 20, 2017
Barclays fraud case: Richard Boath — rose to senior Emea role
His early banking career was remarkable for the number of times he moved institutions - in 1982 he left BofA for Security Pacific, then in 1988 he joined Merrill Lynch, and two years after that he was part of a team head hunted by Salomon Brothers, where he would remain until 1999, a year after Salomon's merger with Citigroup. At Salomon he made a name for himself by coming up with groundbreaking regulatory capital solutions for banks and other financial institutions, most notably the permanent interest bearing shares for Leeds Permanent Building Society, which were treated as bonds for tax purposes and equities for regulatory purposes. Barclays, which Mr Boath joined in 2000, was to prove his longest stint. He rose to become co-head of financial institutions for Europe, the Middle East and Africa by 2013 and chairman of the bank's Emea financial institutions group a year later. He left Barclays in 2016 and has pursued an employment law claim against the bank, which was adjourned in December.
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