Barclays to appoint JPMorgan's Throsby to head investment banking arm

Barclays has poached JPMorgan head of equities Tim Throsby to head up its investment banking division, according to reports on Monday.

Chief executive Jes Staley, an ex-JPMorgan man himself, has been running the unit since March, when his new 'transatlantic' strategy saw the creation of a Corporate and International division that led to the exit of previous investment banking boss Tom King.

Throsby will head the Corporate and International division, which includes the investment banking business, according to sources cited by Reuters.

Throsby, who joined JPMorgan in 2010 as global head of equity derivatives before being promoted to his current role four years ago, is one of a number of JPMorgan alumni recruited by the US bank's ex investment banking chief Staley.