The head of Barclays’ corporate banking has announced plans for his resignation. Reports on Thursday (May 19) said John Winter announced his retirement and plans to exit his post at the end of the month. The news comes as Barclays Chief Executive Officer Jes Staley continues his overhaul of the FI.
Barclays’ chairman of its corporate banking operations, Kevin Wall, will reportedly take Winter’s place as interim head of the unit.
According to reports, Winter has been at the bank since 2001, previously serving at Deutsche Bank. At Barclays, Winter served as head of its European, Middle East and Africa investment banking operations, as well as CEO of its corporate bank, where he’s been since 2010.
While at Deutsche Bank, Winter served as head of European debt capital markets.
Barclays was shaken up with the introduction of Staley following regulatory forces that led the bank to divide its investment banking from its consumer banking operations, reports noted. Barclays UK retains the retail and consumer banking operations, while Barclays Corporate and International houses its investment and wealth management operations, along with its U.S.- and Germany-based credit card operations.
Earlier this year, Barclays announced it would be divesting its credit card operations in Portugal and Spain as part of its continued restructuring.
The company has introduced new corporate banking products in recent weeks, most notably its B2B mobile payment solution. Barclays inked a collaborative deal with Bottomline Technologies to facilitate mobile corporate payments supported through the bank’s Paym solution.