May 6 British bank Barclays Plc's
senior technology banker in the United States will become the
fifth top investment banker to leave the bank ahead of a
strategic overhaul due this week, the Financial Times reported,
citing people familiar with the matter.
Stuart Francis, head of technology banking business and a
vice chairman at Barclays, will leave the lender and is planning
to join investment bank Evercore Partners Inc, the
newspaper quoted the people as saying.
Francis, who has worked with Smith Barney and Lehman
Brothers, worked under Hugh 'Skip' McGee, the head of the bank's
U.S. business, who quit last week.
Barclays will announce on Thursday the creation of a bad
bank portfolio of assets it deems non-core that it intends to
sell or run down as part of a streamlining of its investment
Paul Parker, Barclays' head of mergers and acquisitions, is
also expected to quit, according to some media reports.
Barclays' U.S. head of communications, Michael O'Looney, is
also expected to leave, Financial Times reported on Monday.
Spokesmen at Barclays and Evercore could not be reached for
comment outside regular U.S. business hours.
(Reporting by Anannya Pramanick and Aman Shah in Bangalore;
Editing by Eric Walsh)