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Barclays names Mike Joo and Adeel Khan as investment bank co-CEOs

Created at 18 Aug · 12:00 AM1 source↑ Market-relevant
IN SHORT

Barclays announced it will appoint Mike Joo and Adeel Khan as Co-CEOs of its Investment Bank, effective February 2027, pending regulatory approval. Joo joins from Bank of America, while Khan currently leads Global Markets and co-heads the Investment Bank.

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Who's Involved

Mike Joo
Incoming Co-CEO of Barclays Investment Bank, joining from Bank of America
Adeel Khan
Incoming Co-CEO of Barclays Investment Bank, currently leads Global Markets
C.S. Venkatakrishnan
Barclays Group Chief Executive
Barclays
Global financial services company
Bank of America
Financial institution where Mike Joo previously worked
Barclays names Mike Joo and Adeel Khan as investment bank co-CEOs

↳ Why This Matters

The appointment of new co-CEOs signals a strategic shift and ambition for Barclays' Investment Bank, aiming to enhance client services and drive further growth.

Key facts

  • Mike Joo and Adeel Khan have been appointed Co-CEOs of Barclays Investment Bank.
  • The appointments are effective from February 2027, pending regulatory approval.
  • Joo joins from Bank of America, where he was Co-Head of Global Investment Banking.
  • Khan currently leads Global Markets and has been Co-Head of the Investment Bank since 2021.
  • Both will join the Group Executive Committee.

Barclays has announced that Mike Joo and Adeel Khan will be appointed as Co-Chief Executive Officers of its Investment Bank. The appointments are scheduled to take effect in February 2027, contingent upon receiving regulatory approval.

Mike Joo is set to join Barclays in early 2027 from Bank of America, where his most recent role was Co-Head of Global Investment Banking. He has been with Bank of America since 2006, holding various senior leadership positions within Global Corporate and Investment Banking and Global Markets.

Adeel Khan currently holds the position of Head of Global Markets and has been serving as Co-Head of the Investment Bank since 2021. Both Khan and Joo will become members of the Group Executive Committee.

C.S. Venkatakrishnan, Barclays Group Chief Executive, commented on the appointments, stating, "Since 2023, our Investment Bank has delivered a strong performance, growing revenues and returns and driving a more integrated service for clients. As we enter the next stage of our strategy and reflecting the ambition we have for our Investment Bank, Adeel and Mike will form a strong partnership to deliver an even stronger, more integrated service to our clients."

Frequently asked questions

Mike Joo and Adeel Khan have been appointed as the new Co-CEOs.

The appointments are effective from February 2027, pending regulatory approval.

Mike Joo is joining Barclays from Bank of America, where he was Co-Head of Global Investment Banking.

Adeel Khan currently leads Global Markets and has been Co-Head of the Investment Bank since 2021.

What Happens Next

01Regulatory approval for the appointments.
02Mike Joo and Adeel Khan to assume Co-CEO roles in February 2027.

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Cadence

How It Developed

Barclays announced Mike Joo and Adeel Khan will be appointed Co-CEOs of its Investment Bank.
The appointments are effective February 2027, subject to regulatory approval.
Mike Joo will join Barclays from Bank of America, where he was Co-Head of Global Investment Banking.
Adeel Khan currently leads Global Markets and has served as Co-Head of the Investment Bank since 2021.
Both appointees will join the Group Executive Committee.
Barclays Group Chief Executive C.S. Venkatakrishnan stated the appointments reflect ambition for the Investment Bank's next strategic stage.

Sources

T1
Barclays names investment bank co-CEOs in latest shake-upFinancial News London
T2
Barclays shakes up investment bank less than 3 years since last ...ft.com
T2
Mike Joo and Adeel Khan appointed Co-CEOs of Barclays Investment Bankhome.barclays
T2
Barclays Names Mike Joo, Adeel Khan Investment Bank Co-CEOsmarketsmedia.com

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