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Barclays' Head Of Government Compliance Is Taking A Leave Of Absence Due To Stress

Oct 15, 2013, 19:00 IST

Reuters/ Stefan Wermuth

Barclays' head of compliance and government will take a temporary leave of absence due to "exhaustion and stress," Bloomberg's Jon Menon and Ben Moshinsky report.

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Hector Sants joined the the British bank in December after the Libor scandal, when Barclays was fined $462 million for submitting false interbank rates.

Then-CEO Bob Diamond was fired, and the firm has endeavored to alter its scandal-prone culture.

Sants - a former UK regulator and reportedly a key figure in preventing Barclays from buying Lehman Brothers assets in the runup to the bank's 2008 collapse - has "been busy" as "Barclays has been working its way through a cloud of legacy compliance agenda," Investec analyst Ian Gordon told Bloomberg.

Read the full report at Bloomberg »

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