CEO Venkatakrishnan held a virtual town hall this week to address management changes that have led to about two dozen US investment bankers fleeing in the last few weeks.
global capital markets co-head Taylor Wright taking over in January as Barclays global co-heads of U.S. investment banking.
Barclays in January had said it was in talks with Deasy and Wright's predecessors, John Miller and Jean-Francois Astier, about new roles. Miller left Barclays to join Jefferies last month, while Barclays only announced a new role for Astier this week, naming him global head of financial sponsors. Responding to a question from one of the attendees at the meeting about compensation, Venkatakrishnan said this would reflect each employee's value and performance.It was the second such meeting that Venkatakrishnan has held with bankers in recent weeks. The first was a shorter 10-minute call last month where he did not take any questions, according to one of the sources.
Contrucci and Rothenberg did not respond to requests for comment, while Kerstein declined to comment.a 16% pre-tax profit jump
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