Jes will be joining from BlueMountain Capital at the beginning of December where he is currently Managing Partner.
John McFarlane, Chairman at Barclays, said: “In Jes Staley we believe we have an executive with the appropriate leadership talent and wide-ranging experience to deliver shareholder value and to take the group forward strategically.
“In particular, he understands corporate and investment banking well, the re-positioning of which is one of our major priorities.
“I look forward to working with him in what will be an exciting and important period for our company as we seek to accelerate the delivery of improved shareholder returns.”
Jes has nearly 40 years of experience in banking and financial services.
The majority of this time was spent at J.P Morgan where he oversaw the US lender’s equities, private banking and asset management divisions before heading the firm’s global investment bank.
James said: “It is an honour to be chosen to lead Barclays, an institution with an extraordinary legacy of 325 years in existence.
“I look forward to building on this heritage and to working with the company’s dedicated and deeply talented employees to deliver the highest quality financial services to the bank’s customers and clients, with integrity and skill.
“We will be committed to preserving and enhancing the trust that is the foundation of Barclays’ reputation.”
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