1 November 2021 – Barclays announced the resignation of Jes Staley, group chief executive, after the preliminary conclusions from the Financial Conduct Authority and the Prudential Regulation Authority of their investigation into Staley’s characterisation to Barclays of his relationship with the late Jeffrey Epstein and the subsequent description of that relationship in Barclays’ response to the regulator. In view of those conclusions, and Staley’s intention to contest them, the bank’s board and Staley have agreed that he will step down. C.S. Venkatakrishnan, head of global markets, will take over as chief executive, subject to regulatory approval.

Re-disseminated by The Asian Banker from Barclays