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Barclays just named its new crop managing directors. Here is the list https://ift.tt/2CcvBsz Spencer Platt/Getty Images
Barclays just unveiled its new crop of managing directors, naming 85 employees to the position effective January 1. "They are viewed as the future leaders of our organisation," Barclays said in an announcement on Friday. “Our new managing directors have all consistently demonstrated strong client focus, outstanding performance, and excellent leadership," Tim Throsby, president of Barclays Bank PLC and CEO of Barclays International, said in the release. "It makes us proud to see our colleagues progress in their careers, and I am confident that the 85 colleagues promoted will continue to make a significant contribution across Barclays International.” Investment-banking boss Throsby, who joined from JPMorgan in 2015, has said he planned to unleash “commercial zeal” at the unit. The bank earlier this year culled about 100 senior investment bank staff. The number of new MDs at Barclays is smaller than those at some other competitors. Citigroup just promoted a new class of 125 managing directors. Bank of America Merrill Lynch promoted nearly 140 employees to MD in late November. Morgan Stanley promoted 153 employees to MD in January— up from the 140 it promoted in 2017. At Goldman Sachs, where MD is one rung below the prestigious role of partner and the classes are announced every two years, 509 employees were promoted to MD in 2017 and 69 were promoted to partner in November. Here is the list of the class of 2018 MDs:
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Business via Business Insider https://ift.tt/1IpULic December 14, 2018 at 03:21AM
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