Investment Banking

Barclays overhauls compliance team following high-profile exits

Cuts follow senior departures and come as banks prepare for Brexit

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.

WSJ Logo
How Trump Got His ‘Big, Beautiful Bill’ Across the Finish LineExternal link

How Trump Got His ‘Big, Beautiful Bill’ Across the Finish Line