Barclays CEO Venkat to undergo cancer treatment

Barclays CEO C.S. Venkatakrishnan – better known as Venkat – is set to undergo treatment for non-Hodgkin lymphoma, the bank has said.

In a regulatory filing, Barclays said that Venkat’s prognosis is ‘excellent’ and that he will continue to work when possible while undergoing treatment in New York over the course of 12-16 weeks. As such, the bank will not appoint an interim CEO and the existing executive committee will continue to run the company.

It is expected that Venkat may have to cut back on public engagements, such as a scheduled appearance at the World Economic Forum meetings in Davos in January.

In Barclay’s filing, the CEO said: "During this period, the company will run normally, and I will continue to be actively engaged in managing it.”

The CEO took over the role from Jes Staley in November 2021. While guiding it to strong investment banking results, Venkat also oversaw a blunder where Barclay’s sold more securities in the US than it was permitted to. This led to regulatory penalties and significant losses, with the CEO promising that the “preventable” error would not be repeated.

    Share Story:

Recent Stories


The human firewall: Activating employees to safeguard financial data
As financial services increasingly embrace SaaS and cloud-based technologies, they face emerging threats to safeguard sensitive customer data. While comprehensive IT security measures are essential, the active involvement of employees across organisations is pivotal in ensuring the protection of sensitive data.

Building a secure financial future for instant payments: The convergence of ISO 20022 and fraud detection
The financial landscape is rapidly evolving its approach to real-time transactions under the ISO 20022 standard, and financial institutions must take note. With examples such as the accelerated adoption of SEPA Instant Credit Transfers in Europe and proposed New Payment Architecture (NPA) programme in the UK, the need for swift and effective fraud detection is more crucial than ever.

Data Streaming and Consumer Duty: Transforming customer experience in banking
Introduced at the end of July, the Consumer Duty is a game-changing new set of rules and guidance for financial services institutions in the UK, and companies must look to modernise their systems in adherence with it in mind to create the best customer experience possible.

From insight to action: Empowering financial institutions through advanced technology and collaborative information sharing
The use of Information sharing in enhancing financial crime prevention has been universally agreed as being beneficial. However no-one has been able to agree on how information can be shared safely without breaching data protection laws or having the right systems to facilitate this, Information sharing has re-emerged as a major consideration for financial institutions (FIs) ahead of the Economic Crime and Corporate Transparency Bill being made into law in the UK.