Reuters Photo Credit: Reuters

Barclays appoints India head Jaideep Khanna as Asia-Pacific co-CEO

30 January, 2017

Barclays has appointed Jaideep Khanna and Reid Marsh as co-heads for Asia Pacific, replacing Andy Jones who will return to Britain, according to an internal memo seen by Reuters on Thursday.

Khanna will continue to oversee Barclays’ business in India, while Marsh will continue to lead its banking operations in the region. Their appointments are pending regulatory approval, the British bank stated in the memo.

Jones, who joined the London-based bank in 2000 and became its co-CEO for the region in May 2014, will take a temporary role as vice-chairman throughout the transition. The memo cited personal reasons for his decision.

The British bank has scaled back across Asia in a bid to slash costs and improve profitability since early last year. In January 2016, it said it would close its cash equities business in the region and cut about 1,000 jobs in the investment banking sector worldwide, including many Asian countries.

Singaporean lender Oversea-Chinese Banking Corp (OCBC) in April snapped up Barclay’s Asia wealth business for $320 million.

Like this report? Sign up for our daily newsletter to get our top reports.


Leave Your Comment
Barclays Big On Private Banking; Hires Nitin Birla To Tap Clients

Barclays Big On Private Banking; Hires Nitin Birla To Tap Clients

Madhav A Chanchani 9 years ago
Barclays Wealth, the wealth management division of Barclays, has appointed Nitin Birla as Head of Hong Kong desk, South Asia, in a move to tap into...
UBS India investment banking head resigns

UBS India investment banking head resigns

Reuters 5 years ago
Swiss bank UBS’s head of India investment banking, Ashok Mittal, has resigned, a spokesman for the bank said on Tuesday. The departure of Mittal, who...
Barclays Capital India Appoints Bhuvnesh, Neel To Head Equity Biz

Barclays Capital India Appoints Bhuvnesh, Neel To Head Equity Biz

Anil Das 6 years ago
Barclays Capital India, the investment banking division of Barclays Bank Plc., has appointed Bhuvnesh Singh as head of equity research and Neel Shahani as head...
No Comments

Barclays appoints India head Jaideep Khanna as Asia-Pacific co-CEO

Powered by WordPress.com VIP