Barclays Co-Head of Securities Wieseneck to Depart

Barclays Plc co-head of securities Larry Wieseneck, who joined the London-based bank from Lehman Brothers Holdings Inc., is leaving at the end of June.

Wieseneck, 48, who worked 17 years as an investment banker at the two firms, will be departing to pursue other interests, according to a memo obtained today by Bloomberg News. Kerri Cohen, a spokeswoman for the bank, confirmed the memo’s contents.

Wieseneck has led several of Barclays’s business units, including as chief strategy officer for corporate and investment banking, according to the memo from Eric Bommensath and Tom King, co-heads of the investment bank. Wieseneck previously led or helped oversee the underwriting business of Lehman Brothers, parts of which Barclays acquired in 2008.

“Larry has played an important leadership role in building the Barclays client franchise,” Bommensath and King said in the memo.

Barclays is the U.K’s second-largest bank by assets. CNBC reported on Wieseneck’s planned departure earlier today.

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