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Home https://server7.kproxy.com/servlet/redirect.srv/sruj/smyrwpoii/p2/ Business https://server7.kproxy.com/servlet/redirect.srv/sruj/smyrwpoii/p2/ Tim Trosby, Head of Investment Banking at Barclays, is withdrawing from a major overhaul

Tim Trosby, Head of Investment Banking at Barclays, is withdrawing from a major overhaul



  • Tim Trosby, head of the international division and investment bank Barclays, leaves in just over two years.
  • On Wednesday, the bank outlined a broad palette of governmental moves, explosive for a company already fighting a rebellion of an activist-shareholder.

Tim Trosby, head of the international division and investment bank Barclays, left the UK bank in just over two years.

In a statement by the bank on Wednesday, a broad range of government moves are emerging, explosive for a company that is already struggling with activist-shareholder rebellion. Throsby was injected with a big pump by JPMorgan, a bigger US rival in 201

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Ashok Vaswani, who heads Barclays UK, "will take on a newly established role within the group as a global bank manager and consumer payments for Chief Executive Officer Jess Steele

Vaswani will "oversee the implementation of Group Banking Banking and Group Card and Banking Plans in the UK and internationally," the report said.

Throsby quit "as a result of the announced changes "on Wednesday, according to the company [19659004] Stall says in the statement: "We are grateful to Tim for his management of Barclays International and BBPLC and his service to the group more widely. We wish him good for the future. "

The company said the remaining changes in management were included:

  • The Corporate and Investment Bank" will be managed as three separate, albeit linked, units – Global Banking; Global Markets; ,
  • "Global Banking will be made up of Barclays Advisory, DCM and ECM, led by Joe McGrath, Global Banking Leader."
  • "Stephen Dainton, a global equity manager, will act as a temporary Global Market Leader, while Barclays conducts internal and external search for a permanent employee in this key role."
  • Alistair Curie will lead Barclays Corporate Bank as Head of Corporate Banking. "
  • McGrath, Dainton and Carrie "will report to Jess Staley and will join the group's executive committee," in force since April 1.

All actions are subject to regulatory approval, the company said.


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