Barclays' head of whistleblowing to leave after dropping employment case

Whistle

The head of whistleblowing at Barclays is to leave the bank at a time when the bank’s chief executive, Jes Staley, is being investigated over his attempts to unmask a whistleblower.

Jonathan Cox, a former police detective inspector, is leaving after dropping an employment case against the bank, according to Reuters.

The detail of the case or if it has any connection to the Staley investigation is not clear, but the east London tribunal confirmed the case had been withdrawn after being listed to take place earlier this week.

The bank refused to comment and Cox’s phone went to voicemail but the Financial Times reported that there had been an out-of-court settlement, which prevented either side from discussing the situation.

His departure comes as the investigations into Staley’s conduct continue. The American banker – who joined Barclays in December 2015 – along with the bank are under investigation by the Financial Conduct Authority and the Bank of England’s Prudential Regulation Authority.

The bank stunned the City in April when it announced the investigations after Staley’s attempts to use Barclay’s internal security team to track down the authors of two anonymous letters sent to the board and a senior executive at the bank last June. The letters made allegations about a former colleague Staley had hired.

The bank’s chairman, John McFarlane, continues to support him. In an interview with CNBC on Friday, McFarlane said the chief executive had done a fantastic job restructuring the bank in the wake of Brexit.

Powered by Guardian.co.ukThis article was written by Jill Treanor, for theguardian.com on Friday 15th September 2017 16.32 Europe/Londonguardian.co.uk © Guardian News and Media Limited 2010

 

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