The Financial Conduct Authority (FCA) has banned former Barclays Wealth and Investment Management chief operating officer (COO) Andrew Tinney for misleading the firm's board and preventing the circulation of a damning report into culture at the firm.
The regulator moved to ban Tinney from carrying out any senior management or significant influence functions in any regulated financial services provider. However, Tinney, who left Barclays Wealth in early 2013, disputes the findings and referred the regulatory action to the Upper Tribunal. The regulator alleged Tinney had prevented the board from accessing a damning third party report about the culture and upper management at American branch Barclays Wealth Americas (BWA). The report had called for some members of BWA's senior management to be replaced after it found "BWA had purs...
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