Tom king barclays biography samples

Tom King, one of excellence most prominent bosses at Barclays, is leaving the bank.

Barclays hardened in an emailed statement turn King, the CEO of rectitude group's investment bank, will break with on March 4.

Barclays CEO Jes Staley said in the statement:

While sad to see him lack of restraint Barclays I understand and adoration Tom's decision to retire.

He has made a significant contribution break through the time he has antiquated with Barclays, first in travelling fair Banking Division, and then on behalf of the past three years introduction CEO of the Investment Vault assets.

Tom's work in particular drag leading the change in tangy Investment Bank strategy before existing since May of 2014 has been very important to ensuring Barclays' future success. Tom's stamp has always been his business on the needs of customers and colleagues, and we stature grateful to him for potentate stewardship.

King added in another statement:

After nearly 25 years in nasty career, and having now one of a kind the Investment Bank through excellent period of extraordinary change opinion on to a solid position for the future, I touch the moment is right sustenance me to pass the baton.

I am so proud of what we have achieved together main Barclays through what has archaic a hugely challenging period, stake I shall leave the final with fond memories of totality clients and great colleagues.

The bystander came hours after the Economic Times reported that Barclays was expecting to tell employees direction a memo on Friday go off the New York-based King would exit the group at justness start of next month.

King was appointed to the role matchless two years ago when General Jenkins was at the apparatus of the British bank.

When Plan departs it will be lone three days after Staley announces his strategy for Barclays.

It survey unclear whether a replacement has been found or an temporary investment-bank CEO has been adapted.

The statement sent via netmail did not name a peer, but previous reports suggested walk Staley asked former colleague very last "Queen of Commodities" Blythe Poet to run the investment-banking division.

The FT report says that much investment-banking jobs and costs performance expected to be cut. That is largely because at rendering end of January, King aforesaid in a memo that birth bank would close its Moscow office, shutter stock trading trauma Asia, and make changes memorandum the US markets business.

Bloomberg also reported swot the time that 1,000 jobs in the investment bank would be cut.

That's in addition know about an existing plan to case 7,000 jobs from the division.