Jes Staley is poaching talent from JPMorgan again

0
894

Barclays CEO Jes Staley is poaching talent from Jamie Dimon again.

Staley has hired Fater Belbachir, one of JPMorgan’s global heads in stock trading, two people familiar with the move told The Post.

Belbachir, who declined to comment when reached on Wednesday, will report to Tim Throsby, another JPMorgan alum who is the head of investment banking at Barclays, the sources said.

The move comes after the Justice Department reportedly probed a one-year “no-poach” agreement between the banks in 2016, which was supposed to keep Barclays away from key JPMorgan employees in the corporate and investment bank. The DOJ took no action on the matter.

Belbachir, who was the head of equity volatility trading in London, will take on a global trading head role at the bank, according to the sources.

[Read More]