Morrice retirement comes at key time for Barclays

Robert Morrice, chairman and chief executive of Barclays Asia-Pacific, built the UK bank's regional investment banking operations.
Robert Morrice
Robert Morrice

The retirement of Robert Morrice, chairman and chief executive of Barclays Asia-Pacific, comes at a delicate time for the UK bank, which is due to report its first-quarter earnings on Tuesday.

Barclays announced on Friday that Morrice is to retire after 17 years at the bank, 12 of which he spent as regional CEO. 

Morrice, one of Asia’s longest-serving CEOs, oversaw the bank’s regional response to the financial crisis, building up Barclays' investment banking operations in Asia from scratch. More recently he also navigated a broad -- and global -- review of the business dubbed Project Mango.

He will leave...

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