Barclays reshuffles senior management team

The new appointees will be based in New York.

New Statesman
Barclays logo. Credit: Getty Images.

The British financial services provider Barclays has named John Miller as head of banking for the Americas, Paul Parker to oversee mergers and acquisitions (M&A) globally, and Ros Stephenson as chairman of banking worldwide.

Miller, who joined the bank in 2008, was head of the global financial sponsors and global industrial groups at Barclays Capital. In the newly created role, he will manage the bank’s US industry groups and local offices.

Parker is currently head of the global corporate finance and M&A Group at Barclays. In his new role, he will lead the bank’s M&A group globally.

In 2012, the bank combined its investment and banking units.

Stephenson had been head of global corporate finance and M&A in the investment-banking division at Barclays. Prior to this, she was co-head of corporate finance at Lehman Brothers.

“These changes reinvigorate and further strengthen our approach, while allowing Tom to focus more broadly on his wider responsibilities as co-chief executive,” reported Reuters citing memo sent to employees from Tom King and Eric Bommensath, the co-CEOs of the corporate and investment bank at Barclays.

The new appointees will be based in New York and report to King.

In addition, Barclays’ treasurer Benoit de Vitry, who has been associated with the bank for 13 years, will step down in December.