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Hector Sants resigns from Barclays compliance role 13 November 2013

Barclays has announced the resignation of its head of compliance and government and regulatory relations following a period of sick leave.

A statement from the banking group said Hector Sants has concluded he will not be able to return to work in the near term.

Barclays said: “Consequently he has decided to resign from Barclays and not return from sick leave.”

Sants, who joined in the compliance role in December 2012, has been on sick leave since the start of October suffering from stress and exhaustion.

Barclays confirmed that an internal and external search for the position has been launched.

Allen Meyer, head of compliance in corporate and investment banking, will act as interim head of compliance and government and regulatory relations.

Sants had been chief executive of regulatory body the Financial Services Authority from 2007 to June 2012.

Barclays also confirmed the resignation of Shaygan Kheradpir, chief operations and technology officer, who is leaving the bank to take on a role as chief executive for a company based in the US.

 

 

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