NEW YORK CITY (dpa-AFX) - British lender Barclays plc (BCS, BARC.L) plans to appoint former J.P. Morgan Chase & Co. executive Jes Staley as its new chief executive, the Financial Times reported citing people familiar with the matter. Staley's appointment is expected to be announced in the next two weeks.
The report said a shortlist of two had been narrowed to Staley in recent days. Barclays was braced for a dramatic change of approach compared with the regime led until the summer by retail banker Antony Jenkins.
The 58-year-old American will join from Blue Mountain Capital, the US hedge fund he joined in early 2013 after a more than three-decade career at JPMorgan.
Barclays is in the process of slashing thousands of jobs and winding down a multibillion-pound portfolio of non-core assets at its investment bank as it prepares to separate the division from its retail unit under the UK's so-called 'ringfencing' law.
In July, Barclays plc and Barclays Bank plc announced that Chief Executive Antony Jenkins would depart from the company after serving at the helm since August 2012.
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