Barclays Treasurer Benoit de Vitry to Step Down, Jenkins Says

Barclays Plc Treasurer Benoit de Vitry will step down in December, Chief Executive Officer Antony Jenkins said in a memo this week.

De Vitry, 51, is leaving the London-based bank to spend more time with his family, Jenkins said in the memo, the contents of which were confirmed by Kerrie Cohen, a Barclays spokeswoman in New York. Dan Hodge and Peter Freilinger will be co-heads of treasury and report to Tushar Morzaria, according to the memo.

The bank, the second-biggest in the U.K. by assets, started a search for de Vitry’s replacement, said Jenkins, 52. Reuters reported on de Vitry’s departure earlier today.

To contact the reporter on this story: Laura Marcinek in New York at lmarcinek3@bloomberg.net

To contact the editors responsible for this story: David Scheer at dscheer@bloomberg.net; Christine Harper at charper@bloomberg.net

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