Next Barclays Investment Banking Chief May Signal Staley’s Strategy
ByThe next chief executive of investment banking at Barclayswill have to work out which area to rule.
Barclays, a British lender, said on Friday that Thomas King would be leaving. James E. Staley, the new chief executive of Barclays, has already made some executive appointments, but picking a new capital-markets chief could give a clear sign about his strategy.
Mr. King’s successor will have an unenviable task. Barclays does not rank among the top five investment banks globally for any trading business or capital-raising and advisory businesses tracked by Coalition, a data firm. Barclays, which withdrew from Asia to focus predominantly on its British market and the United States, will have to pick its spots. Settling for mediocrity is hardly going to help it hang on to or recruit top-notch investment bankers…
Next Barclays Investment Banking Chief May Signal Staley’s Strategy
