Barclays Executive Jenkins Confirms Departure To Set Up Own Firm
August 14 2009 - 7:40AM
Dow Jones News
Barclays PLC's (BCS) Roger Jenkins, the executive who was behind
the raising of billions to boost the U.K. bank last year, Friday
confirmed his departure as he leaves to set up a new corporate
finance advisory firm.
Jenkins, executive chairman of investment banking and investment
management for Barclays in the Middle East, told the U.K. bank last
year he wanted to consider other opportunities, but agreed to stay
on until the completion of a number of projects, including the sale
of iShares, Barclays' exchange-traded funds unit, which was
ultimately bought by U.S. asset manager BlackRock for $13
billion.
In his new firm, Jenkins will advise corporate finance clients
and also plans to look for alternative investment opportunities. He
will continue to work with Barclays Capital, in particular advising
it on its business in the Middle East.
"I have had an amazing 25 years with Barclays, including 12
years with Barclays Capital, working with a dynamic leadership team
which has turned Barclays Capital into the fastest growing
investment bank of the decade. Now is a good time for a change,"
Jenkins said.
-By Marietta Cauchi, Dow Jones Newswires; +44 207 842 9241;
marietta.cauchi@dowjones.com