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Investment Banking

Barclays overhauls compliance team following high-profile exits

Cuts follow senior departures and come as banks prepare for Brexit

Wednesday, 3 October 2018 at 21:01

Barclays overhauls compliance team following high-profile exits
Photo: Chris Ratcliffe / Bloomberg / Getty Images

Barclays is overhauling the department tasked with policing the behaviour of its investment bankers following a wave of high-profile exits from the financial giant’s compliance team since chief Jes Staley was fined for attempting to unmask a whistleblower.

Daniel Hodge, the chief compliance officer for Barclays International — who manages a unit of several hundred staff that includes corporate and investment banking — signed off on the changes soon after taking on his new role at the bank in April, according to a person with knowledge of the situation.