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● TRACKER Updated 28d ago · 6 sources tracked

Barclays shakes up investment bank less than 3 years since last overhaul

Barclays has appointed Adeel Khan and Mike Joo as Co-CEOs of its investment bank, marking a significant leadership shake-up less than three years since the last overhaul. This move is part of a broader restructuring effort within the bank's investment banking unit. Khan joins from Bank of America, while Joo is an internal candidate.

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  • ✓ Adeel Khan and Mike Joo are the new Co-CEOs of Barclays Investment Bank.
  • ✓ Adeel Khan joins Barclays from Bank of America.
  • ✓ Mike Joo is an internal candidate promoted to Co-CEO of Barclays Investment Bank.
  • ✓ The leadership shake-up is part of Barclays' broader restructuring effort within its investment banking unit.
🛡️ Source Corroboration: 6 independent reporting domains (100% confidence) ⏱ Read time: ~2 min

What changed

Barclays has named new Co-CEOs for its investment bank, Adeel Khan and Mike Joo, in a significant leadership shake-up.

Live updates

  1. Barclays Shakes Up Investment Bank with New Co-CEOs

    Barclays has appointed Adeel Khan and Mike Joo as Co-CEOs of its investment bank, marking a significant leadership shake-up less than three years since the last overhaul. This move is part of a broader restructuring effort within the bank's investment banking unit. Khan joins from Bank of America, while Joo is an internal candidate.

    Why it matters

    The shake-up reflects Barclays' efforts to revitalize its investment banking business and improve competitiveness in a rapidly changing financial landscape. The bank has been working to strengthen its position in the market, and this leadership change is seen as a key step in that process. The appointments also highlight Barclays' strategy of bringing in external talent while also promoting from within.

    What is confirmed

    • Adeel Khan and Mike Joo are the new Co-CEOs of Barclays Investment Bank.
    • Adeel Khan joins Barclays from Bank of America.
    • Mike Joo is an internal candidate promoted to Co-CEO of Barclays Investment Bank.
    • The leadership shake-up is part of Barclays' broader restructuring effort within its investment banking unit.

    What to watch next

    • Performance of Barclays' investment bank under new leadership
    • Further restructuring within Barclays' investment banking unit
    • Impact on Barclays' market position and competitiveness
    Sources used for this update (6)
    1. Financial Times — Barclays shakes up investment bank less than 3 years since last overhaul
    2. Bloomberg.com — Barclays Taps Khan, BofA’s Joo as New Investment Bank Heads
    3. Seeking Alpha — Barclays to restructure investment banking unit - report (BCS:NYSE)
    4. FX News Group — Barclays names Mike Joo and Adeel Khan Co-CEOs of Barclays Investment Bank
    5. marketscreener.com — Barclays Investment Bank Gets New Co-Chiefs in Leadership Shake-Up
    6. Finimize — Barclays Taps Bank Of America Veteran To Run Its Investment Bank
    confidence 100%
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