Barclays in investment banking reshuffle

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Barclays has announced a reshuffle of the senior management of its investment banking arm as the lender prepares to update investors next month on its plans for the business.

The Daily Telegraph reports that the co-chief executives of Barclays corporate and investment banking operation, Tom King and Eric Bommensath, have given up direct control of the lender’s market and investment banking divisions as part of a series of changes to the executive team.

Eric Felder, co-head of securities, has been made head of markets, while Joe McGrath, head of global finance, and Richard Taylor, head of investment banking in Europe, the Middle East and Africa, have been made joint heads of global banking.

'Working as a team, we are confident that they have the experience and vision to strengthen our ability to deliver first-class investment banking capabilities and services to our clients worldwide', said King and Bommensath in a statement.

To access the complete Daily Telegraph article hit the link below:

Barclays reshuffles management ahead of strategy review

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