Barclays
Barclays will appoint Mike Joo as Co-CEO of its Investment Bank, effective February 2027.
Why it matters for sellers
New leadership = vendor stack re-evaluation
Signal details
- Counterparty
- Bank of America
- Event date
- February 1, 2027
- Reported
- August 24, 2026
- Source
- tradersmagazine.com
From the coverage · tradersmagazine.com
Jim Hraska has rejoined Barclays as their Global Head of Fixed Income Prime Brokerage, according to a LinkedIn post . Based in New York, Hraska returns to Barclays after nearly 10 years at The Depository Trust & Clearing Corporation (DTCC), where he held a series of senior roles spanning fixed income clearing, client solutions and consulting. He most recently served as Managing Director of Consulting Services at DTCC, a role he took on in March 2026. Previously, he was Managing Director and Head of Client Solutions and Managing Director and Head of Product Development at DTCC’s Fixed Income Clearing Corporation.
He also served as General Manager of the Fixed Income Clearing Corporation. Before joining DTCC, he spent nearly nine years at Barclays Investment Bank. Fasanara Capital has named Chris Drew as head of trading and Darran Specter as head of quant equity, Global Trading reported . Drew joins the company from Jump Trading’s specialist company Jump Crypto, where he was most recently a director. Between 2023 and 2024, he was head of trading at the company. Earlier in his career, Drew was a multi-asset quantitative trader at Sun Trading. Specter has 21 years of industry experience and was most recently a senior portfolio specialist at Brevan Howard.
More than a decade of his career has been spent at the Abu Dhabi Investment Authority, where he was an investment and portfolio manager. Barclays has announced that it will appoint Mike Joo and Adeel Khan as Co-CEOs of its Investment Bank with effect from February 2027, subject to regulatory approval. Joo will join in early 2027 from Bank of America, where he served most recently as Co-Head of Global Investment Banking. He joined Bank of America in 2006 and has held a range of senior leadership roles across Global Corporate and Investment Banking and Global Markets.
Khan leads Global Markets and has served as Co-Head of the Investment Bank since 2021. Both Khan and Joo will sit on the Group Executive Committee. AI has appointed Michael Ponniah as Chief Technology Officer (CTO), according to a press release. Ponniah brings over two decades of experience across high-frequency trading technology on Wall Street and large-scale cloud services, AI, and logistics infrastructure at Amazon.
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