Barclays has appointed Ben Davey chief strategy officer of the investment bank in London, according to an internal memo seen by Bloomberg, as Britain’s second-largest bank seeks to bolster returns at the unit.
Davey will join the Investment Bank Executive Committee and report to Tom King, chief executive officer of the securities unit, Barclays said in the memo sent to staff on Friday. He was most recently head of the financial institutions group for banking in Europe, the Middle East and Africa, according to the memo.
In the meantime, Bloomberg also reports that Deutsche Bank has hired Royal Bank of Scotland Group Plc’s Angela Potter to develop the bank’s trade finance activities around the world, according to an internal memo.
Potter, who was head of U.K. transaction services at RBS, will help Germany’s biggest bank seek new clients as the British bank retreats from commercial banking outside of the U.K.
Finally, Reuters reports that a senior player in HSBC's push to improve the way it polices transactions for criminal activity left the British bank late last month, creating a possible gap in leadership as it seeks to satisfy compliance demands from U.S. regulators and the U.S. Department of Justice.
Daniel Wager, a former Homeland Security official with prior experience helping another multinational bank improve compliance controls, left his post as regional head of anti-money laundering investigations last month to join a consulting venture.