Barclays states that the investigation of financial regulators “does not make any finding that Mr. Staley (…) was aware of” Jeffrey Epstein’s crimes, while indicating that he leaves his position in order to challenge the conclusions of The investigation.
Le Monde with AFP
It was quoted in a survey of British financial regulators on its links with Jeffrey Epstein, this financial accused of minor trafficking and from suicide in prison. Jes Staley, the boss of British Bank Barclays, leaves his post, “said the bank in a statement sent to the media.
c. S. Venkatakrishnan, who was so far World Director of Barclays Group Markets, replaces Staley on Monday, said the bank.
Departure to defend yourself
Barclays had revealed in February 2020 that Jes Staley, a 64-year-old American, was targeted by this investigation, which did not prevent the business from renewing his confidence.
“Barclays and Mr. Jes Staley, General Manager of the Group, were informed Friday night of the preliminary conclusions” of this investigation launched by the two major British financial regulators, the Financial Conduct Authority (FCA) and Prudential Regulation Authority ( PRA), on how Mr. Stauley mentioned with his group business ties with Jeffrey Epstein.
“In view of these conclusions and the intention of Mr. Staley to challenge them, the Board of Directors and Mr. Staley agreed that he would withdraw from his duties as Director General of the Group and Administrator. Barclays “, continues the British bank, which states, however, that the investigation” does not make any finding that Mr. Staley saw, or was aware of one of the alleged crimes of Mr. Epstein “.
The Bank’s Board of Directors said on Monday “disappointed” of this departure while “Mr. Staley runs the Barclays group successfully since December 2015, with a real commitment and competence”. Mr. Staley “is entitled to a twelve-month notice” and will continue to receive his annual salary of 2.4 million pounds and other benefits related to his contract until October 31, 2022, “said the bank. The new boss will receive an annual salary of 2.7 million pounds.