Barclays Investment Bank names Mike Joo as co-CEO to join Adeel Khan in 2027
Barclays has appointed Mike Joo as the new co-CEO of its investment bank, set to join the firm in early 2027. Joo, a veteran of Bank of America, will share the leadership role with incumbent CEO Adeel Khan starting in February 2027. This leadership change is part of a broader strategy by CEO C.S. Venkatakrishnan to improve investment bank returns while maintaining a1 sizeable US investment banking operation. By placing both Joo and Khan on the Group Executive Committee, the bank ensures the investment bank unit has a direct seat at the table for major decisions regarding capital allocation, risk limits, and spending. This structure is designed to provide a bank with a clearer route to lift returns without shrinking its competitive edge in the US market. The final results of this move will be determined by the 2027 budget and risk appetite priorities established by the committee.