Barclays veteran Vaswani to depart after decade at UK lender | Trade Information

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One in all Barclays’ maximum senior executives is leaving after greater than a decade, the most recent in a sequence of exits reshaping the British-based financial institution.

Sky Information understands that Ashok Vaswani, Barclays’ leader virtual technique officer, is stepping down simply months after taking at the position.

Mr Vaswani has for a lot of the ultimate 12 years been one of the vital distinguished figures in British banking, having run the crowd’s UK operations for a part of that point.

His go out was once introduced in a memo despatched to Barclays staff a number of days in the past through CS Venkatakrishnan, Barclays’ new leader govt.

The word, noticed through Sky Information, advised staff that Mr Vaswani deliberate to discover an entrepreneurial alternative” in other places.

Mr Vaswani’s Barclays occupation has encompassed probably the most tumultuous length within the centuries-old lender’s contemporary historical past, together with the ousting of 3 leader executives: Bob Diamond, over the Libor rate-rigging scandal; Antony Jenkins, over the tempo of his turnaround plan; and, overdue ultimate 12 months, Jes Staley, who stepped all the way down to contest regulators’ judgements about how he had characterized his courting with Jeffrey Epstein, the disgraced overdue financier.

Even supposing very talked-about, Mr Vaswani didn’t land the crowd CEO’s process right through any of the ones appointment processes, even supposing he was once understood to had been a contender to run Lloyds Banking Team previous to the appointment of Charlie Nunn ultimate 12 months.

Barclays’ virtual banking carrier, which is rated probably the greatest of the main prime boulevard banks, was once finessed below Mr Vaswani’s stewardship.

“Ashok has lengthy been a deeply valued colleague at the staff govt committee, and a really perfect assist to me for my part in shaping my eager about the virtual long term of monetary services and products,” Mr Venkatakrishnan advised colleagues.

Barclays showed the contents of the memo however declined to remark additional.

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