New Sants goes marching in at Barclays as penalties bite

By Will Caiger-Smith
31 Jan 2014

Barclays has appointed a new group head of compliance, to replace former regulator Hector Sants, who left the UK bank in November last year on the grounds of stress and exhaustion. The announcement comes as Barclays prepares to release its fourth quarter results, which are understood to contain another set of hefty penalties for misconduct.

Michael Roemer, formerly Barclays’ head of internal audit, will join the executive committee immediately and report directly to Antony Jenkins, group CEO, who has pledged to overhaul banking standards at the scandal-plagued lender.

Barclays, which announces its fourth quarter results on Tuesday February 11, warned last week that ...

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