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Barclays Revamp Puts Staley’s JPMorgan Cohort in Spotlight

  • Long-time allies appointed to head the bank’s securities unit
  • Venkatakrishnan and Compton worked at JPMorgan with Staley
Jes Staley
Jes Staley
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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.