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- Art Mbanefo, the deputy of former Barclays investment banking chief Tim Throsby, is leaving the British bank, according to people familiar with the matter.
- Throsby left Barclays last week as part of a broader management shakeup.
Art Mbanefo, the deputy of former Barclays investment banking chief Tim Throsby, is leaving the British bank, according to a person familiar with the matter and confirmed by a Barclays spokesman.
Mbanefo headed of one of the bank’s most important units, the Firmwide Resource Management group, or FiRM, and was chief investment officer of Barclays International.
The Wall Street Journal has said that "Mbanefo’s job is to squeeze capital out of the unit that can be redeployed to juice up returns."
This story is developing…
- Barclays held an ad hoc town-hall meeting to calm staff shocked by the sudden departure of their boss — but a key exec was conspicuously absent
- The star investor in ‘The Big Short’ has a new short against Barclays — and is ramping up bearish bets on banks
- Nomura is reportedly slashing more than 100 jobs this week, but insiders are bracing for a bigger shock