Barclays
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Top unit
Barclays: The bet that paid off
Since Jes Staley took charge of Barclays at the end of 2015, he has faced constant questions over his ability to reposition the firm as a credible force in investment banking. Sticking to his guns in the face of activist shareholder pressure, he now looks vindicated, but growing from here presents a new challenge.
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Bringing a slew of ultra-long syndications for public sector issuers in the past year perfectly demonstrates Barclays’ world-class read of the debt markets. -
Deutsche Bank’s John Cryan might have the toughest job in banking, but Jes Staley probably runs a close second. The Barclays CEO has had an impressive first six months, all things considered. As always, there is more to do.
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Six months ago, Jes Staley took on a job that many of his peers said they did not envy. His task: to turn Barclays’ business performance around and create a clear strategic vision for a bank that had not adapted to a new regulatory and market environment. Work remains to be done, not least in agreeing a ring-fenced structure and improving returns at the investment bank. But the mood at Barclays appears to be brightening.
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Barclays CEO Jes Staley has moved quickly to fill the top positions of his management team, with one big exception.
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Emirates NBD wins region’s best bank award and named best digital bank in Middle East; HSBC retains best investment bank crown; New regional winners highlight growing breadth and depth in Middle East finance; CIB’s Hisham Ezz Al Arab wins outstanding contribution accolade.
