Several major banks in Europe have seen changes in top management recently, in what experts suggest will be a new era for the region's finance industry.
is also reportedly looking at a new chief executive officer to replace Jes Staley at the end of next year, according to the Financial Times. Barclays did not want to comment on the report when contacted by CNBC Monday.
"The recent CEO movement trend is perpetuated by a mini-bank sector cycle coming to a close," Tom Kinmonth, senior fixed income strategist at ABN AMRO, told CNBC via email Monday. European banks have struggled since the global financial crisis of 2008 and the subsequent sovereign debt crisis in the euro zone. Regulators have demanded higher capital requirements, economic growth has stalled and the has embarked on negative interest rates. As a result, some lenders have frozen bonuses, slashed their workforce and shifted their operations.
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