Eric bommensath wiki
Gerald A. Donini, Head of.
Eric Bommensath was managing director and head of markets for Barclays from October of to January , when he stepped down....
Barclays' 'Bad Bank' Chief To Step Down
The executive in charge of a Barclays division housing billions of pounds of underperforming assets is to step down.
Sky News has learnt that Eric Bommensath, who was previously the co-head of Barclays' investment banking operation, is to retire later this year.
His departure, which is expected to be announced on Wednesday, will come eight months after he was placed in charge of Barclays Non-Core, a new unit set up to manage £110bn of risk-weighted assets (RWAs).
The creation of the division was a core element of a plan unveiled last year by Antony Jenkins, Barclays' chief executive, to reshape the group’s sprawling structure in an attempt to improve financial returns.
Since the 'bad bank' was set up, the level of RWAs inside it has been significantly reduced, to £88bn at Barclays' half-year results and £81bn at the end of the third quarter.
That figure will be lower still at the end of the first quarter of this ye
