Barclays just announced 56 new managing directors in its corporate and investment bank - here's the list of names

Trista Kelley

Dec 10, 2019, 16:20 IST

Barclays just announced 56 new managing directors in its corporate and investment bank - here's the list of names

Gary Gershoff/WireImage via Getty Images

Barclays CEO Jes Staley

Barclays named 56 new managing directors on Monday - across banking, corporate banking, markets and research. Their names are below.
The bank named dozens more MDs in other areas of the bank, an insider told Business Insider.
Barclays has had a rocky year, after the shock departure of investment bank chief Tim Throsby in March.
Visit BI Prime for more stories. Read more about the shakeup at Barclays here.

Barclays named its new crop of managing directors, the highest title at the firm, on Monday. Some 56 new MDs were named, across banking, corporate banking, markets, and research.

The bank also named dozens more MDs in other areas of the bank, making the overall number much higher, an insider told Business Insider.

Barclays earlier this year dropped a bombshell when it announced that investment-banking head Tim Throsby would step down. His departure kicked off a shakeup at the company that is still rocking employees.

Insiders at the bank in September told Business Insider that a de-facto hiring freeze was afoot - roles were staying unfilled, bonuses got cut, and senior staff were running out the door. Throsby had ramped up managing director hiring since joining in 2016.

Barclays is keeping a tight leash on pay, particularly for investment and corporate banking, and has set aside less for bonuses. CEO Jes Staley set ambitious full-year return goals and has been slashing costs to help meet them.

The bank has also been navigating uncertainty around Brexit. Still, it has announced some high-profile hires, including some who have come on board after Throsby's exit.

The bank declined to comment.

Here is the list: