Barclays names Paul Compton as new head of investment bank

Venkatakrishnan reshuffled some of the bank’s key leadership roles on Tuesday, as he makes his mark on the lender in his second week atop the bank.

The changes come after Venkatakrishnan, known as Venkat inside the bank, took over as CEO on November 1 after former CEO Jes Staley stepped down amid a regulatory probe into his relationship with the financier and sex offender Jeffrey Epstein. Compton, an Australian operations and IT specialist who was also seen as a candidate to replace Staley, was named global head of banking in 2020.

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