Top Barclays executive to depart
Roger Jenkins, who is rumoured to be one of Barclays’ highest paid employees, is understood to be leaving the bank to set up a consultancy firm, according to The Telegraph.
The top executive, who earned tens of millions of pounds a year, is expected to continue advising Barclays.
Unlike its rivals, Barclays has so far avoided financial help from the Government, opting to go it alone last year by raising billions of pounds from investors in the Middle East.
Mr Jenkins joined the bank in the late 1970s and he and his wife, Dijana, are regarded as one of the City’s most glamorous couples.
In related news, a recent report commissioned by the Government has suggested that bank bonuses should come under stricter control and that better training should be required for non-executive directors.
The Walker Review, led by Sir David Walker, has called for greater transparency in the banking sector for the salaries of higher earners and enhanced shareholder involvement.
In compiling his report, Sir David consulted with investors, experts in regulation and banking, and the banks themselves.
Prime Minister Gordon Brown added that his Government would be introducing new rules on pay and bonuses.
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