Barclays Plc To Name Jes Staley To CEO Role

Jes Staley

Barclays Plc is close to naming former top JPMorgan Chase & Co. banker Jes Staley its next chief executive officer.

According to Bloomberg, “The U.K. bank told regulators he’s the frontrunner for the post, and his appointment could be announced within two weeks if approved.”

Staley spent 34 years at JPMorgan, moving from the role of investment banker in Brazil to run the firm’s asset-management and investment-bank units. At one point he was seen as the likely successor to CEO Jamie Dimon.

Barclays Chairman John McFarlane is seeking to replace CEO Antony Jenkins, whom he fired in July. Jenkins was fired because of a restructuring that was taking longer than hoped.


The Financial Times reported Staley’s selection earlier Monday.

Barclay’s PLC is not commented on the appointment at this time.

Written by Lane Hanson

Lane Hanson

Lane Hanson is BusinessPundit's Economy Editor. He reports on major changes in the US and Global Economies.