Barclays to name Jes Staley as new chief executive
13 October 2015
From the section Business
Barclays is soon to appoint former JP Morgan banker James “Jes” Staley as its new chief executive.
Sources confirmed to the BBC that Barclays board members had agreed to Mr Staley’s new role with the British banking group.
Mr Staley is currently working at BlueMountain Capital Management in the US.
Barclays’ previous chief executive, Antony Jenkins, was fired in July after falling out with board members.
BBC business editor Kamal Ahmed tweeted: “Barclays board agree Jes Staley to be new CEO. Ex JP Morgan banker now needs regulatory clearance. Barclays to keep investment bank focus.”
The hedge fund manager, reports the Financial Times, could bring “a dramatic change” of approach to Barclays.
Mr Staley is currently a managing partner at BlueMountain Capital, which he joined in 2013. The company’s website states that prior to that, Mr Staley was chief executive of JP Morgan’s investment banking …read more
Source:: BBC UK