Barclay’s head of corporate FX departs
(21 April 2016 – United Kingdom) Barclays’ head of foreign exchange for corporate clients, Gareth Noble, has departed.
In the role of managing director, Noble led the team responsible for managing sales of foreign exchange products to corporate and personal customers.
Noble joined the British bank’s corporate unit in 2000 and moved to the investment bank in 2003, where he held roles in foreign exchange and interest rate risk management. He assumed his last role as the head of the corporate banking FX business in 2015.
In 2015, Barclays said it set aside £290 million (A$532 million) to compensate customers for rates they were charged on foreign exchange deals, following an internal review into transactions made between 2005 and 2012. There is no suggestion of any wrongdoing by Noble.
The bank has declined to comment on the departure according to reports.
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