Barclays Corporate Bank Head John Winter to Leave This Monthby and
Winter is retiring May 31 after 15 years at the British lender
Corporate bank chairman Kevin Wall made interim head of unit
Barclays Plc’s head of corporate banking, John Winter, is retiring after 15 years amid Chief Executive Officer Jes Staley’s overhaul of the U.K. lender.
Winter, 52, will work through May 31, ending a career at Barclays that included roles as head of the European, Middle East and Africa investment bank division and CEO of the corporate bank, a position he’s held since 2010, the firm told staff Thursday. An official at London-based Barclays confirmed his departure.
Kevin Wall, chairman of the corporate bank, will head the corporate banking executive committee on an interim basis, reporting to Joe Gold, deputy-head of the new corporate and international division.
In March, CEO Staley reorganized the bank to comply with British rules requiring the separation of consumer and investment-banking arms. The company is now split between Barclays Corporate and International -- which houses the investment bank, most of wealth management and the U.S. and German credit-cards businesses -- and the ringfenced Barclays U.K., which contains the bank’s British retail and credit card operations.
Staley, a former head of JPMorgan Chase & Co.’s investment bank who took over in December after Antony Jenkins was fired, has revamped Barclays, recruiting a raft of executives from his old firm. C.S. “Venkat” Venkatakrishnan was brought in as chief risk officer, followed by Paul Compton as chief operating officer.
Recruitment firm Spencer Stuart is seeking external candidates to lead the corporate and international division after investment bank CEO Tom King left on March 4. Staley currently has ultimate responsibility for the unit.
Winter joined Barclays in 2001 from Deutsche Bank AG, where he was head of European debt capital markets for about five years, according to his profile on Barclays’s website. He has an MBA in finance from New York University and British and American citizenship.
The stock rose 2.3 percent to 174.25 pence at 12:14 p.m. in London, paring its loss this year to 20 percent.