Barclays has done it again. Four months after parting company with Brett Tejpaul, the former head of digital and client strategy for its markets division, it's said goodbye to a New York-based managing director (MD) who was leading the digital transformation of its markets business.
Greg Lee, a managing director in digital strategy at Barclays' investment bank, left this month, according to his LinkedIn profile. Lee occupied the digital strategy role for 14 months after moving from Barclays' Hong Kong office to New York as an MD in markets product in 2016.
Neither Barclays nor Lee responded to a request to comment on his exit. It comes as Barclays is allegedly cutting hiring as it seeks to cut costs in its global investment bank. Like most other banks, Barclays is investing heavily in its electronic trading platform. In May 2019 it launched BARX, a 'newly integrated, cross-asset electronic trading platform across equities, fixed income, futures, and FX.'
It's not clear what Lee intends to do next. He joined Barclays in 2014 from Deutsche Bank, where he was head of Autobahn equity Asia at Deutsche Bank. At the time, it was reported that Lee left DB because Deutsche wanted to move him to New York. Ironically, he ended up in New York with Barclays anyway.
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