Barclays's Bond Said to Leave Company After Resigning From Research Role
Barclays Plc’s Tim Bond has left the bank, less than two months after he stepped down as head of asset allocation research, said a person with knowledge of his decision.
Bond, 47, was reviewing his options inside and outside the bank after leaving his research role, two people familiar with the talks said in June, declining to be identified because the negotiations were private. Bond has been listed as “inactive” on the Financial Services Authority’s register since July.
His departure follows that of David Woo, former head of group-of-10 currency research, who left for Bank of America Corp. in May. Steven Englander, former chief U.S. currency strategist, joined Citigroup Inc. in April, while London-based currency strategist Adarsh Sinha resigned in June.
Barclays has been overhauling its banking operations since purchasing Lehman Brothers Holdings Inc.’s North American operations in September 2008. Finance Director Chris Lucas said last month that investment-banking revenue was “softer” in the second quarter of 2010. Barclays reports first-half results on Aug. 5.
A spokesman for Barclays declined to comment. Bond couldn’t immediately be reached.