Barclays’s Broking Head Gayne Said to Stay, Spurning UBS

Alisdair Gayne, head of corporate broking at Barclays Plc, is staying at the British bank after spurning an approach to join UBS Group AG as chairman of its U.K. investment bank, a person with knowledge of the matter said.

Gayne was set to move to UBS until Barclays made a higher offer, said the person, who asked not to be identified because the matter is private. The Sunday Times reported on May 24 that Gayne had submitted his resignation and was moving to UBS.