Barclays plans to boost Europe equities – Independent Online

Staley recruited JPMorgan Chase’s global head of equities, Tim Throsby, to overhaul the corporate and investment bank, which had steadily lost revenue and market position to revitalised US rivals.

The future of the securities unit was uncertain under Staley’s predecessor, Antony Jenkins, who publicly expressed concerns about its ability to generate sufficient returns.

Read also: Barclays Africa granted immunity in rand-rigging probe

While Staley dismissed calls to spin off the investment bank, he still eliminated thousands of jobs and closed the cash equities business in Asia to refocus on London and New York.

However, a spokeswoman for Barclays declined to comment on the firm’s recruitment policies.

Barclays plans to boost Europe equities – Independent Online

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