SHIFT · UK
Barclays names former Bank of America executive as co-CEO of investment bank
Barclays appointed Joo, a veteran Bank of America investment banker, as co-CEO of its investment banking division. The move signals a strategic shift toward hiring seasoned executives to rebuild profitability in advisory and capital markets.
WHY IT MATTERS
Tier-1 banks are restructuring investment banking leadership; Barclays' hire of BofA talent suggests a pivot toward M&A and advisory, where AI augmentation (deal analysis, client research) is differentiating. Monitor Barclays' AI roadmap for that division.
Source: Reuters · 2026-08-17