Economics
Barclays's CEO Hunt Leads to Another American Banker, Jes Staley
- Ex-JPMorgan executive Staley is said to be frontrunner for job
- He could be appointed within two weeks if regulators approve
U.S. Banker Frontrunner to Fill Barclays’s CEO Vacuum
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Barclays Plc Chairman John McFarlane’s three-month hunt for a chief executive officer with a new set of skills has led to a familiar form of talent: an American investment banker.
Jes Staley, 58, who spent more than three decades at JPMorgan Chase & Co., is now the leading candidate for London-based Barclays’s top job, a person with direct knowledge of the matter said Monday. The lender’s last American CEO, Robert Diamond, resigned just three years ago amid public and government pressure after regulatory fines. His replacement, British retail banker Antony Jenkins, was ousted in July.