Tim Throsby, head of investment banking at Barclays, leaves his position as auditor

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  • Tim Throsby, head of Barclays' international division and investment bank, will leave after just over two years.
  • The bank has presented a wide range of management movements, explosive for a company already struggling with a revolt of activist shareholders.

Tim Throsby, head of Barclays' international division and investment bank, leaves the UK bank after a little over two years.

The company's statement, which describes a large number of management's moves, is explosive for a company already struggling with a revolt of activist shareholders. Throsby was greeted with fanfare by the great US rival JPMorgan in 2017.

Ashok Vaswani, who heads Barclays UK, "will assume a new role within the group as global head of consumer banking and payments, reporting to the group's chief executive, Jes Staley," the company said.

Vaswani's role "oversees the execution of plans for the group's consumer banking and card and payment business in the UK and internationally".

Throsby left "as a result of the changes announced today," according to the firm.

Jes Staley, CEO of Barclays, said in a statement: "We are grateful to Tim for his management of Barclays International Group and BBPLC, as well as for his service to the group more broadly, and we wish him good luck in the future. ;to come up."

Other management changes include:

  • "The Corporate and Investment Bank will be managed in three separate, although connected units – the World Bank, World Markets and the Corporate Bank – all reporting directly to the group's president, Jes Staley."
  • "Global Banking will include Barclays' Advisory, DCM and ECM activities and will be led by Joe McGrath, Global Head of Banking."
  • "Stephen Dainton, currently Global Head of Equities, will act as Global Head of Interim Markets, while Barclays conducts internal and external research towards the appointment of a permanent member to this crucial position."
  • "Alistair Currie will lead Barclays Corporate Bank as Business Banking Manager."
  • "All three will report to Jes Staley and join the Group Executive Committee effective April 1, 2019."

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

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