Executive Shakeup at Barclays


Just a day after international banking giant Barclays PLC tapped a new Chief Operations and Technology Officer, reports coming out this afternoon say the head of Barclays wealth-management in the Americas is on his way out. A Wall Street Journal report today said that Mitch Cox, who rose to his most recent position in 2009, stepped down today to pursue other interests.

As for Shaygan Kheradpir, the newly appointed Chief Operations and Technology Officer, he was praised by the Group's Chief Executive, Antony Jenkins. "Shaygan has been instrumental in helping devise and drive technology solutions and operational improvements" at the company, the CEO said.

Shaygan, a former Verizon employee, said he looks forward to "delivering world class and innovative processes and systems focused on creating a 'Go-To' customer and client experience." Technological innovation and automation are two priorities the company emphasized in Barclays' Strategic Review last month.

The article Executive Shakeup at Barclays originally appeared on Fool.com.

Fool contributor John Divine has no position in any stocks mentioned. You can follow him on Twitter @divinebizkid and on Motley Fool CAPS @TMFDivine.The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.