Ricci Kalaris retire following Barclays shake up

Rich Ricci is retiring from Barclays, along with colleague Tom Kalaris, after being ousted from his role as head of investment banking during a strategic review.

Ricci Kalaris retire following Barclays shake up
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Ricci will leave the bank at the end of June, and in the meantime will help in the establishment of the new leadership team co-headed by Eric Bommersmith and Tom King.

The pair will maintain their current responsibilities as head of markets and head of investment banking division respectively and both have been appointed to the Barclays executive committee.

Meanwhile, Kalaris, who is chief executive of wealth and investment management and executive chairman of Barclays in the Americas, has also announced his retirement and will leave the bank at the end of June.

Peter Horrell has been named interim chief executive of wealth management, while Skip McGee has been appointed chief executive of Barclays Americas and will take up his new role on 1 May. He will also join the executive committee.

The retirees will both step down from the executive committee at the end of April.

Antony Jenkins, group chief executive, said: “Since I became group chief executive, a major area of focus for me has been to streamline and improve how the bank is managed, while strengthening control. The elimination of the global RBB layer, and the integration to bring together the operations of Barclays Africa and Absa, are examples of actions taken to advance this agenda.

“Today’s changes are the next step in that journey, and they will ensure we have the right senior team in place to deliver the strategy and commitments we made on 12 February, and build the ‘Go To’ bank.”

 

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