Paul Leech and Todd Sandoz will become interim co-heads of equities, temporarily replacing Fater Belbachir who departed after only 10 months in the role

Barclays turned to its two regional heads of equities to temporarily co-head the unit globally following the abrupt departure of former stock trading chief Fater Belbachir.

The UK lender named Paul Leech and Todd Sandoz as interim co-heads of equities, according to a person familiar with the matter.

Barclays names new interim heads of equities after former boss jumped to Citi

Paul Leech and Todd Sandoz will become co-heads of equities, temporarily replacing Fater Belbachir who departed after only 10 months in the role

Paul Clarke

Barclays

Citigroup

JPMorgan

Pimco Emea boss Craig Dawson returns to California for new role

Lansdowne CEO on what’s next after Crux deal, and all change at Newton IM

Lansdowne Partners CEO Brian Heyworth: ‘Challenges never frighten me’

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Christian Stracke, global head of credit research, will run Emea from bond giant’s London office

BNP Paribas flies in Lynagh from New York to head UK global banking

https://images.fnlondon.com/im-10531328?size=1.5

Mark Lynagh is succeeding Matthew Ponsonby who has resigned from the bank

PwC hires Jefferies managing director in deals push

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Big Four firm boosts insurance M&A team with hire from US bank

The European Union has a plan to counteract the swathe of tariffs U.S. President Trump is planning to impose on foreign goods, European Commission President Ursula von der Leyen said.

EU Has Plan to Retaliate on U.S. Tariffs, Von der Leyen Says

The Japanese investment firm is entwining its fortunes with a company that expects to lose billions of dollars for years to come, in the hope that it will emerge as the leader in AI.

How Is SoftBank Funding Its Mega Investment in OpenAI? A Lot of Debt

The BlackRock CEO says he wants individuals to have better access to the menu of private and illiquid investments that have long been core holdings of pensions, endowments and other institutions.

Larry Fink Says Regular Americans Need Private Assets Too

The prospect of a radical escalation in the global trade war in the coming days has nearly doubled the probability of a recession in the U.S. economy in the next 12 months to around 35%, according to Goldman Sachs.

Goldman Sachs Lifts U.S. Recession Probability to 35%

Tariff uncertainty and a flagging tech trade dragged the S&P 500 and Nasdaq lower to start 2025.

U.S. Stocks Post Worst Quarter Since 2022 on Threat of Trade War

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