Page 38 - Barclays Bank (B) Teaching Note
P. 38
Strategy
Jes Staley, has come in for persistent criticism from
shareholders and analysts for his enduring commitment
to the investment bank built up under Bob Diamond. But
his strategy is delivering results otherwise the
Institutional Shareholder Services vote in the May 2018
AGM would not have supported him and by extension his
strategy.
The strategy is founded upon:
Two clearly defined divisions:
• Barclays UK and Barclays International provide
diversification across customers and clients,
products and geographies delivering resilience and
balance to the Group
The foundation will enable Barclays to deliver its
strategy of building a simpler, stronger and more
profitable bank
• Barclays has completed its restructuring with the
closure of Non-Core on 1 July 2017, sale down to a
target 15% stake in Barclays Africa Group
But, the question has to be asked – What has Staley
actually changed?
From the outset Staley continued what Jenkins had set in
motion e.g. continuing along the cost-cutting and de-
