Barclays Names McGrath to Lead Americas Unit
May 27 2016 - 12:15PM
Dow Jones News
By Max Colchester
LONDON--Barclays PLC (BARC.LN) is appointing long-time executive
Joe McGrath to head its Americas division, the bank said.
Joe Gold, who will be replaced by Mr. McGrath as head of
Barclays Americas, will now focus on his role as deputy chief
executive of the British lender's corporate and investment banking
division. Barclays is searching for a new executive to take the top
job at that division.
In July new rules will force Barclays to house its U.S. business
in a separately capitalised entity. Mr. McGrath will be tasked with
ensuring the U.S. unit meets stress testing requirements. Mr.
McGrath--who joined Barclays a decade ago--will also continue in
his current role as co-head of banking.
Write to Max Colchester at max.colchester@wsj.com
(END) Dow Jones Newswires
May 27, 2016 12:00 ET (16:00 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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