When Tim Throsby arrives to run Barclays’ corporate and investment bank in January, it will be 10 months since the division last had a dedicated chief executive, landing the ex-JP Morgan banker with quite a lengthy to-do list.

In leading the investment bank at Barclays, Throsby, who has a near-30-year track record in trading and was most recently JP Morgan's global head of equities, will take a post vacant since the March 2016 departure of Tom King. New York-based King is said to have quit over concerns about the UK's new Senior Managers Regime, which holds banking bosses personally responsible for wrongdoing on their watch.