Back in July Antony Jenkins was sacked from his post of CEO of Barclays bank.
On BBC’s Radio 4 business Jenkins admitted that his dismissal came as a surprise to him.
“Well, I’m a human being, so I have to say that it was surprising to me, but I completely respect the authority of the board in choosing the chief executive. And I’m realistic. I’ve been in corporate life for over 30 years. These things happen,” he said on the show .
“The bank was performing very well. After three years of incredibly hard work, we had real momentum and you could see that in the results: statutory profits were up 25 per cent; our capital position had improved immeasurably; we’d actually achieved our 2016 targets 18 months earlier; costs were under control; the culture was changing and reputation was improving; we’d built a leadership position in technology and that was paying dividends for us.”
Barclays’ new CEO is Jes Staley, a former JPMorgan investment banker, who started his new role on Tuesday.
Last week, Barclays was fined a whopping £72m after the Financial Conduct Authority ruled that the bank took the risk of being used to launder money or finance terrorism.
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