U.K. Banks Struggle to Lure Talent for Top Jobs as Rules Bite
- Bankers said to turn down StanChart, Barclays senior roles
- Worries include responsibility rules, history of misconduct
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London’s banks that were once among the most coveted employers in the global financial system are struggling to fill top roles because potential penalties are seen to outweigh the perks.
Standard Chartered Plc has been seeking an external replacement for Chairman John Peace for more than a year. Barclays Plc has been hunting for a successor to oversee the investment bank since last year after Tom King made it known he wanted to retire more than nine months ago, according to people with knowledge of the plan who asked not to be identified as recruitment is private.