Barclays Fills CEO Post and Adds Relationship Manager in NYC
Barclays PLC filled its CEO vacancy late last week with Antony Jenkins who will serve as a director and as group chief executive. Jenkins’ predecessor Bob Diamond left his post on July 3 in response to a scandal over the bank’s reporting of Libor rates.
In late June, Barclays announced that it had settled with the U.K.’s Financial Services Authority, the CFTC and the U.S. Department of Justice’s fraud section as a result of an investigation into interbank offered rates; Barclays agreed to pay £290 million ($460 million) in penalties. The fallout from the scandal has been ongoing since Diamond stepped down.
Jenkins oversees the Barclays retail and business banking (RBB) unit and has been a member of the group executive committee since 2009, officials say. His role as CEO for RBB includes oversight of retail banking in Barclays Africa and Absa and he also represents Barclays as a non-executive director on the board of Absa Group Ltd. and Absa Bank Ltd.
Jenkins says in a prepared statement that he is “very proud to have been asked to lead Barclays” after three decades with the institution. He acknowledges that “we have made serious mistakes in recent years and clearly failed to keep pace with our stakeholders’ expectations. We have an obligation to all of those stakeholders … and a unique opportunity to restore Barclays reputation by making it the ‘go to’ bank in all of our chosen markets. That journey will take time, we have much to do, and I look forward to getting started immediately.”
In the U.S., Barclays appointed Christopher Van Houten as relationship director for its financial institutions team based in New York, officials say. Van Houten’s main tasks will be to establish and strengthen Barclays transaction banking relationships with regional banks across the US. Van Houten joins from National Australia Bank (NAB), where he was a director in the financial institutions team managing relationships with major Canadian banks and regional and national US banks. Prior to the NAB, he held roles with the financial institutions team at the Bank of New York.
Barclays officials say that Van Houten’s appointment is part of an effort to grow the bank’s financial institutions team in the Americas and follows the appointments earlier this year of David Scola, managing director and John Rodriguez, relationship director.
SimCorp Revamps Management Reporting Structure as CEO Takes Over
Investment management solutions provider SimCorp has revamped its management reporting structure as Klaus Holse assumes the post of CEO, following the news in the spring that Peter L. Ravn would retire on September 1 after 11 years in the top management post.
Klaus Holse,
CEO,
SimCorp
Ravn is leaving SimCorp after more than 25 years—17 of them spent as a member of the vendor’s executive management board. Ravn will not be on the board of directors but he will continue to work for the board through the end of 2012 in support of the transition, officials say.
A former corporate vice president for Microsoft in Western Europe, Holse was named as Ravn’s successor in April. In the past, Holse has served as CEO for several Danish companies and as senior vice president for database and software giant Oracle.
The vendor’s “expected adjustment to SimCorp’s management and organizational structure” announced this week includes changes for the services division for the software solutions offered under the brand title SimCorp Dimension, officials say.
“SimCorp’s services offerings are not new,” says a spokesperson for SimCorp. “What has changed is the reporting structure of the services division into the CEO.” The division will focus on growing the vendor’s suite of professional services such as SimCorp’s managed services, software as a service (SaaS) and cloud-based offerings. The vendor has started a search for the executive vice president that will oversee SimCorp’s services division.
The revamped structure also includes two market divisions—Europe, Middle East and Africa (EMEA) and Asia-Pacific (APAC); and North America, officials say. In addition, the divisional heads within SimCorp will report to Holse as well as the heads of group finance and IT, group marketing and communications, and group human capital. These management tiers will comprise the group management committee (GMC).
The new reporting structure has also resulted in the managing director for SimCorp’s Central Europe market unit Jochen Müller becoming executive vice president (EVP), head of EMEA and APAC. Incumbent David Kubersky will stay in his position as head of SimCorp’s North American market division and will be a member of the GMC, reporting directly to Holse.
The GMC members are:
- Holse, CEO
- Thomas Johansen, EVP, chief financial officer, group finance and IT
- Georg Hetrodt, EVP, chief technology officer, product division
- Müller, EVP, EMEA and APAC
- Kubersky, senior vice president (SVP) SimCorp North America
- Karin Van Goinga Middelburg, SVP, group human capital
- Lars Bjørn Falkenberg, SVP, group marketing and communications
“The changes were made to support SimCorp’s vision of becoming the number one provider of investment management solutions globally,” says a SimCorp spokesperson. “That vision requires greater emphasis on areas of growth for SimCorp, such as the expansion into the North America market and the growth of SimCorp’s professional services offerings.”
SimCorp anticipates that demand will be driven by regulatory requirements, risk mitigation, cost efficiency and scalability in systems and operating models, adds Holse in a prepared statement.
Satori Consulting Hires to Boost European Client Base
Ian Hiller-Brook,
EMEA director, London,
Satori Consulting
Change management specialist Satori Consulting has hired industry veteran Ian Hillier-Brook to be its London-based EMEA director and tasked him with developing the consultancy’s client base across Europe, officials say.
Hillier-Brook has held senior positions with many providers in Europe and the U.S., including as managing director of Data Stream Analysis Ltd. and the Market Information Services Division director at Moneyline Telerate. Among the companies he has founded are XA Services Ltd. and Market Information Services Ltd., a company that developed and marketed systems and consultancy for the trading, risk management and operations areas of major financial organizations.
Need a Reprint?
Leave a Reply