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Barclays appoints co-CEOs for Asia-Pac operations

Barclays has appointed Jaideep Khanna and Reid Marsh as co-chief executive officers for Asia Pacific. They take over from Andy Jones, who is returning to Britain. Khanna will continue to oversee Barclays’ business in India, while Marsh will continue to lead its banking operations in the region. Jones, who joined Barclays in 2000 and became its co-CEO for the region in May 2014, will take a temporary role as vice-chairman throughout the transition. Barclays has scaled down its Asia operations to cut costs and improve profitability during 2016. Singapore’s Oversea-Chinese Banking Corp (OCBC) had bought its Asia wealth business for $320 million.

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