Leaked Barclays memo says another senior exec is leaving in wake of investment bank chief's sudden departure

The bank's interim head of global markets, Stephen Dainton, sent out the below memo today:

Guy Saidenberg has decided to step down from his role as Head of Distribution and Structuring and will leave the firm on 1 May. During his time at Barclays, Guy's commercial insight and dedication to clients has helped us make positive steps forward in our Markets business. As a key driver of the Markets digital strategy, he led the development and introduction of various digital and platform enhancements, which positions us well to differentiate our business going forward.

I'm sure you will all join me in thanking Guy and wishing him all the very best for the future. Following Guy's departure, the Distribution and Structuring heads will report to me for the immediate future. Over the coming weeks, I will be presenting our Markets Strategy to the Group ExCo, with Distribution and Structuring a key element of that presentation.; I will ensure, as ever, that we continue to communicate our strategy and progress against that across Markets.

Thank you for your hard work and continued dedication to our clients, and please join me again in wishing Guy well for the future.

Ruh Roh

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Barclays’ Investment Bank Struggles as Activist Investor Pressures UnitBarclays reported weak first-quarter earnings in its investment bank, days before shareholders are due to vote on a board appointment for an activist investor who wants to shrink the unit.
Source: WSJ - 🏆 98. / 63 Read more »

Britain's Barclays hit by struggling investment bank, flags cost cutsProfit at Barclays fell 10 percent in the first quarter as its under-pressure in... C'est reparti pour un tour de magie. Par quelle magie l'opposition pouvait prétendre le perchoir s'ils n'ont pas la majorité. Il faut aller plus loin dans votre raisonnement.😷 brexit to brexit jak mówi pani T.M.....................
Source: Reuters - 🏆 2. / 97 Read more »

Deutsche Bank chair against strategy change at investment bank: FTDeutsche Bank Chairman Paul Achleitner told the Financial Times that Germany&03... Russia would be pissed if you did Maybe he is right. In 2008 he was one of the leading figures in New York, solving the financial crisis.
Source: Reuters - 🏆 2. / 97 Read more »