Sep
05

Barclays Hires JPMorgan Executive to Head Investment Bank

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LONDON — James E. Staley, the Barclays chief executive, has turned to another executive from his former employer, JPMorgan Chase, to fill out his new bank’s executive ranks.

Barclays said on Monday that Tim Throsby, JPMorgan’s global head of equities, would join the British lender in January as president of its corporate and international business and as chief executive of its corporate and investment bank.

Mr. Throsby’s hiring comes at an important time for Barclays. Mr. Staley, who joined the bank in December, has accelerated the sales of businesses that Barclays no longer considers core operations and is focusing its strategy on two divisions: the British consumer bank and a slimmed-down corporate and investment bank…

Barclays Hires JPMorgan Executive to Head Investment Bank

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