Barclays’ new chief is India-born CS Venkatakrishnan

Mysore-born CS Venkatakrishnan has replaced Jes Staley as Barclays CEO after the latter stepped down. Jes Staley stepped down from Barclays, which is Britain’s third-biggest bank by market value, after a probe into his relationship with financier and sex offender Jeffrey Epstein.

As chief risk officer, Venkatakrishnan put in place processes that proved instrumental in helping Barclays steer clear of the Archegos Capital Management implosion; more recently, he was put in charge of the bank’s markets division.