His appointment will indicate a greater commitment to the IB (investment bank), but then Barclays' profitability problems are linked to the IB and not the traditional bank.

Chintan Joshi

Categorized in : Mergers & Acquisitions

On his appointment, he needs to clearly indicate that the core IB will not form a bigger proportion of the group RWAs (risk-weighted assets) than under the current strategy as investors are unlikely (to) take a growing investment bank positively.

mergers-acquisitions