Barclays' chief executive Antony Jenkins is to leave the bank as the board of directors calls for a change in leadership with a "new set of skills".
Jenkins (pictured), who became group chief executive in 2012, will leave the business on 17 July, to be replaced by executive chairman John McFarlane while the group looks for a permanent replacement. McFarlane, previously chairman of Aviva, took over the role of executive chairman from Sir David Walker at the start of this year. The board of directors said a "new set of skills" is necessary to spur the recovery of the bank and "accelerate the pace of execution going forward". Sir Michael Rake, deputy chairman of the group, said: "Notwithstanding Antony's significant achievements, ...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
