Barclays axes CEO Antony Jenkins

Published: Wednesday 8th July 2015 by The News Editor

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Barclays has fired its chief executive Antony Jenkins.

Deputy chairman Sir Michael Rake said new leadership was required to accelerate the pace of change at the lender.

Sir Michael said: “I reflected long and hard on the issue of group leadership and discussed this with each of the non-executive directors. Notwithstanding Antony’s significant achievements, it became clear to all of us that a new set of skills were required for the period ahead.”

The bank said it will appoint chairman John McFarlane as executive chairman from July 17 until a successor is found.

Published: Wednesday 8th July 2015 by The News Editor

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