The chief executive officer of British bank Barclays has stepped down following a report by U.K. regulators into his past links to the late financier and sex offender Jeffrey Epstein. There is no suggestion that Jes Staley knew of Epstein’s alleged crimes.
Jes Staley has previously said he “deeply regrets” his relationship with Epstein, who killed himself at a federal jail in New York in August 2019 while awaiting a sex trafficking trial. There is no suggestion that the 64-year-old Staley knew anything about Epstein’s alleged crimes.
In a statement Monday, Barclays noted that the investigation “makes no findings” that Staley saw or knew about any of Epstein’s alleged crimes, which it said was “the central question” behind its decision to back its chief executive following Epstein’s arrest in summer 2019. C.S. Venkatakrishnan, head of global markets for the bank, will take over as chief executive. Barclays said succession planning has been in place for some time, and he had been identified as the preferred candidate more than a year ago.
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Barclays CEO Jes Staley quits after investigation into links with Jeffrey EpsteinThe American chief executive of Barclays, Jes Staley, is stepping down with immediate effect following an investigation by British regulators into his relationship with disgraced financier Jeffrey Epstein, the bank said on Monday.
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Barclays CEO Jes Staley Steps Down Amid Pressure Over Epstein TiesJes Staley stepped down as chief executive of Barclays under pressure from regulators about how he characterized his relationship with convicted sex offender and financier Jeffrey Epstein.
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Barclays Chief Executive Jes Staley Steps Down Over Epstein InvestigationI am a London-based reporter for Forbes covering breaking news. Previously, I have worked as a reporter for a specialist legal publication covering big data and as a freelance journalist and policy analyst covering science, tech and health. I have a master’s degree in Biological Natural Sciences and a master’s degree in the History and Philosophy of Science from the University of Cambridge. Follow me on Twitter theroberthart or email me at rhartforbes.com
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Barclays CEO Staley leaves due to findings of Epstein probeBarclays said on Monday that chief executive Jes Staley is to stand down following British regulators' investigations into his dealings with Jeffrey Epstein.
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Barclays CEO quits after investigation into links with Jeffrey EpsteinThe American chief executive of Barclays, Jes Staley, is stepping down with immediate effect following an investigation by British regulators into his relationship with disgraced financier Jeffrey Epstein, the bank said on Monday.
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