Oct 4, 2022
Barclays reshuffles leadership to boost investment bank
Barclays has appointed Tim Main to lead its investment bank in Europe, the Middle East and Africa, as part of a broader reshuffle of senior bankers. The leadership changes come as Barclays seeks to expand its corporate and investment banking business especially in Europe, and across healthcare and technology sectors, according to a person familiar with the matter. "Expanding our Emea franchise is one of our clearest opportunities to grow our investment banking business globally - which is a strategic priority that underpins our delivery of sustainable growth in the corporate and investment bank," said JF Astier, global co-head of investment banking. The move follows criticism of Barclays' investment bank by activist investor Edward Bramson, who had tried to pressure management into scaling back the division to focus on retail banking, a failed pursuit that lasted for three years until 2021. The bank made a record £8.4bn profit last year, of which £5.8bn came from its corporate and investment banking unit, fuelled by fees and equities income.
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