Barclays announces cost-cutting drive to boost returns, shakes up its operations and aims to return £10bn to shareholders over the next three yearsU-turn and profits dip add up to tricky sell for BarclaysBarclays is briefing journalists now about its new strategic plans, and its results for last year.It says it cut headcount by around 5,000 full-time equivalent roles in 2023.Vim Maru appointed CEO of Barclays UK;Matt Hammerstein appointed CEO of Barclays UK Corporate Bank (he’ll also be head of Public Policy and Corporate Responsibility)Sasha Wiggins appointed CEO of Barclays Private Bank & Wealth Management; andDenny Nealon will continue in his current role as CEO of Barclays US Consumer Bank and Barclays Bank Delaware.Adeel Khan appointed sole head of Global Markets;Cathal Deasy and Taylor Wright will continue in their current roles as Co-Heads of Banking; andStephen Dainton appointed President of Barclays Bank PLC and Head of Investment Bank Management. Continue reading…
