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It seemed for a time that the great debate over Barclays investment bank—namely, whether it should exist—was over, and Jes Staley had won. Two years of hard graft had turned the former albatross into what counts as an asset to Barclays, namely a unit that’s pretty much OK.

Well, as it turns out, one of the people Staley was speaking to on his “I Told You So” world tour, activist hedge fund manager Edward Bramson, isn’t impressed. And since Staley hasn’t been all that interested in chatting with Bramson about things, Bramson’s got a plan to force him to.

Mr. Bramson’s New York-based firm, Sherborne Investors, said it submitted a resolution for shareholders to vote in May on the potential board appointment, triggering what is likely to be a proxy fight between Mr. Bramson and Barclays management and board of directors…. Mr. Bramson had asked Barclays in September to voluntarily appoint him as a director but was rejected…. Barclays has largely shunned Sherborne’s input so far and instead assembled outside advisers and an internal team to strategize against unwelcome demands for change.

Activist Steps Up Push for Barclays Board Seat [WSJ]


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Barclays May Still Have An Investment Bank, But It No Longer Has A Head Of Investment Banking

Jes Staley is so dedicated to the business that he’s taking it for himself.

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Layoffs Watch ’19: Barclays Wants To Be More Like Credit Suisse

And unfortunately for Edward Bramson and the 3,000 of you without jobs, it’s not in the “deemphasize the investment bank” kind of way.

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Not-So-Local Man Decides Not To Add Jes Staley To Unemployment Rolls For Now

But Edward Bramson would love to see a long-dated pink slip with the Barclays CEO’s name on it.

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Hedge Fund Won’t Reopen Bitchy Battle With Barclays After Pandemic Ends

COVID-19 has shown Edward Bramson that life’s to short to deal with the likes of Jes Staley.

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Guy Who Thinks Barclays’ I-Bank Is Governance Failure Thinks The Same About Hiring Jeff Epstein’s Buddy As CEO

You might think they’re not related issues, but to Edward Bramson it’s like the big reveal in the DaVinci Code, a book I have not read.

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Bonus Watch ‘20: Barclays I-Bankers

Jes Staley loves you guys, he just doesn’t love paying you guys.

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Bonus Watch ’15-’21: Former Barclays CEO/Friend Of Sex Criminals

Barclays’ quarterlies are good for everyone except Jes Staley.