Barclays plc has announced the expansionary role of Nathan Davison, the group’s head of Prime Brokerage Sales in Asia, who is slated to move to the UK, according to a recent Reuters report.
Prior to the move, Mr. Davison’s focus was relegated to prime brokerage sales in Asia, as well as clearing trades and lending obligations to a number of entities, including hedge funds. However, under the new mandate, he will also incorporate Europe into his field of coverage, whereby he will retain the latitude of his current role.
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He is slated to begin his new role as recently as August, where he will be reporting to Makram Fares, Barclays co-Head of Equity Distribution in Europe – Asia-Pacific (APAC), as well as Thomas Luglio, Barclays Global Head of Prime Services.
Earlier this week, Barclays parted ways with Antony Jenkins as its Chief Executive Officer (CEO), having appointed John McFarlane as an Executive Chairman to run the company until a new CEO is selected. The change will come into effect on the 17th of July pending a formal regulatory approval. Subsequently, Barclays is on the lookout for a new CEO and its scheduled interim results will be published on the 29th of July as previously announced.