Staley takes CIB hot seat as Throsby exits

By David Rothnie
28 Mar 2019

Barclays’ chief executive Jes Staley has seized direct control of corporate and investment banking (CIB) again, instigating sweeping changes as he fights to boost returns at the unit and block a shareholder activist’s attack. David Rothnie reports.

The biggest casualty of the revamp is Tim Throsby, who has left his position as head of Barclays International after just two years in the job.

During his tenure, Throsby was regarded as having re-energised Barclays’ trading engine, hired dozens of bankers and encouraged traders to ...

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