Barclays Plc’s leadership reshuffle puts two of the likely internal contenders to replace Jes Staley in the spotlight. The pair, who will together lead the investment bank, inherit a daunting task.
Chief Risk Officer C.S. Venkatakrishnan, known as Venkat, will head markets while Paul Compton will oversee banking operations. They are charged with executing Staley’s vision of sustaining a global investment bank while reining in costs amid economic turmoil and a global pandemic. Barclays shares, like other lenders, have slumped this year and are down 45% through Thursday.
