Barclays to name Belsher Canada CEO after Jefferies exodus
BNN Bloomberg
Barclays Plc is poised to name veteran Canadian investment banker Geoffrey Belsher as its new chairman and chief executive officer for Canada.
Belsher, who previously held senior roles with the Canadian Imperial Bank of Commerce and Lehman Brothers in Canada, starts the new job on Monday, according to a statement seen by Bloomberg.
His appointment comes after several bankers including Bruce Rothney, the previous Barclays Canada CEO, left for Jefferies Financial Group’s Canadian unit in recent months, according to people familiar with the matter. A number of others including financial services analyst John Aiken also left to join Jefferies. The Globe and Mail was first to report those departures. Spokespeople for Jefferies and Barclays declined to comment.
Belsher will be based in Toronto and report to Richard Haworth, Barclays’ CEO of the Americas, as well as co-heads of investment banking Cathal Deasy and Taylor Wright.
