King abdicates at Barclays Investment Bank

The UK firm has yet to name a successor


Barclays Investment Bank chief executive Tom King retired on March 4, after seven years at the firm.

King, who served as chief executive since 2014, previously held several other senior roles at the bank.

"While sad to see him leave Barclays, I understand and respect Tom's decision to retire. He has made a significant contribution in the time he has been with Barclays," says group chief executive Jes Staley.

"Tom's work in particular in leading the change in our investment bank strategy, before

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