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C. S. Venkatakrishnan

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C. S. Venkatakrishnan
BornJanuary 1966 (age 58)
Mysore, Karnataka, India
NationalityAmerican
EducationMassachusetts Institute of Technology (PhD)
OccupationBanker
TitleCEO, Barclays
TermNovember 2021-
PredecessorJes Staley
Children3
Scientific career
ThesisAnalysis and optimization of terminal area air traffic control operations (1991)
Doctoral advisors

Coimbatore Sundararajan Venkatakrishnan, also known as Venkat, is an American banker. He replaced Jes Staley as the group chief executive (CEO) of the British multinational bank Barclays in November 2021.[1][2]

Early life and education

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Venkat was born in Mysore, India in January 1966.[2][3] He earned bachelor's, master's and PhD degrees in operations research from the Massachusetts Institute of Technology.[4][5] His 1991 thesis was entitled "Analysis and Optimization of Terminal Area Air Traffic Control Operations".[6]

Career

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Venkat worked for JPMorgan Chase from 1994 to 2016, where he held senior positions in asset management, investment banking, and in risk, rising to chief investment officer for global fixed income, responsible for about US$200 billion in assets.[1] He joined Barclays in 2016 as chief risk officer, before becoming head of global markets and co-president of BBPLC in October 2020.[1]

Venkat left JPMorgan for Barclays in early 2016, and was among the first people Staley hired when he became CEO of the bank.[7] Venkat was initially the bank's chief risk officer.[8] Venkat had been head of global markets for Barclays, and succeeded Jes Staley with immediate effect after Barclays was notified of the preliminary results from an investigation by the Financial Conduct Authority (FCA) and the Prudential Regulation Authority into "how Staley had characterised his relationship with [Jeffrey] Epstein to Barclays".[9]

Personal life

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Venkat is based in New York City.[4] He was diagnosed with non-Hodgkin lymphoma in November 2022, and continued to work while being treated.[10] He is in remission after completing the treatment in March 2023.[11] Venkat is married and has three children.[12]

References

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  1. ^ a b c "Venkatakrishnan named CEO of Barclays after Jes Staley steps down". mint. 1 November 2021.
  2. ^ a b Volkery, Carsten (2 November 2021). "Neuer Barclays-Chef muss skeptische Anleger überzeugen". Handelsblatt (in German).
  3. ^ "Coimbatore Sundararajan VENKATAKRISHNAN". Companies House. Retrieved 31 July 2022.
  4. ^ a b "C.S. Venkatakrishnan Group Chief Executive". Barclays. Retrieved 1 November 2021.
  5. ^ "Finance Beyond Crisis Conference" (PDF). mitsloan.mit.edu. Retrieved 1 April 2022.
  6. ^ "PhD and Masters Theses". Massachusetts Institute of Technology. Retrieved 1 November 2021.
  7. ^ Spezzati, Stefania (18 October 2021). "Barclays Trading Boss Saw the London Whale Coming (Repeat)". Bloomberg.com. Retrieved 2 November 2021.
  8. ^ Spezzati, Stefania (1 November 2021). "New Barclays CEO Plans to Stick With Mentor Staley's Strategy". Bloomberg.com. Retrieved 2 November 2021.
  9. ^ Makortoff, Kalyeena (1 November 2021). "Barclays chief Jes Staley steps down after Epstein investigation". The Guardian. Retrieved 1 November 2021.
  10. ^ Venkatakrishnan, CS (4 February 2023). "Barclays chief: the life lessons I have discovered during cancer treatment". Financial Times. Retrieved 4 February 2023.
  11. ^ "Barclays CEO Venkat completes treatment for cancer, in remission". Reuters. 3 March 2023.
  12. ^ Armitage, Jim; Treanor, Jill (30 April 2023). "Barclays' CS Venkat: Five months of cancer treatment and I'm back on the 4:30am routine". The Sunday Times.
Business positions
Preceded by Group Chief Executive of Barclays plc
1 November 2021 – present 		Incumbent
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