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

Live updates

1. 28d ago

   Barclays Appoints New Co-Chiefs for Investment Bank Restructure

   Barclays is restructuring its investment banking unit and has appointed Khan and former Bank of America executive Mike Joo as co-CEOs. This leadership shake-up comes less than three years after the bank's previous overhaul of the division. The move introduces a co-leadership model to head the unit as the firm implements these structural changes.

   Why it matters

   Frequent reorganizations in the investment bank suggest a struggle to stabilize leadership or strategy. The hiring of external talent like Joo indicates a desire to bring in outside experience from competitors.

   What is confirmed

   • Barclays is restructuring its investment banking unit.
   • Khan and Mike Joo are the new co-chiefs of the investment bank.
   • Mike Joo previously worked at Bank of America.
   • This restructure occurs less than three years since the last overhaul.

   What to watch next

   • Details on the specific structural changes within the investment banking unit
   • Performance metrics following the leadership transition
   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. marketscreener.com — Barclays Investment Bank Gets New Co-Chiefs in Leadership Shake-Up
   5. Reuters — Barclays names former Bank of America executive Joo as co-CEO of investment bank
   6. 매일경제 — Mike Joo (Joo Hee-chan), who represents Korean Wall Street financiers, has left Bankoff America (Bof..
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