Economics
Barclays Plans to Appoint Jes Staley as Bank's Next CEO
U.S. Banker Frontrunner to Fill Barclays’s CEO Vacuum
This article is for subscribers only.
Barclays Plc is close to naming Jes Staley as its next chief executive officer, reverting to an American investment banker to accelerate a companywide overhaul three years after the departure of Robert Diamond.
The London-based bank has told regulators that Staley, a 34-year veteran of JPMorgan Chase & Co. who later joined hedge-fund firm BlueMountain Capital Management, is the frontrunner for the top job, a person with direct knowledge of the matter said, asking not to be identified because the decision isn’t final. If approved, the appointment could be announced within two weeks, the person said.