Barclays has appointed a Wall Street investment banker, Musyoka Moses Muthui, to head a newly created strategic unit focused on building the bank’s strategy, according to a memo sent out to employees by Barclays CEO Jeremy Awori.
Mr. Muthui was head hunted from Barclays Capital in New York and brings on board a wealth of international banking experience from Europe, United Kingdom and the United States, having also previously worked at the parent company, Barclays PLC, in London.
“I am delighted to announce the appointment of Musyoka Moses Muthui as Head of Strategy and Business Management effective immediately. In this newly created role, Moses will help me build and coordinate a holistic business strategy working with the business and unit heads, who continue to own and drive execution of their respective strategies. In addition he will provide oversight with the day to day running of the CEO’s office.” Jeremy Awori said in a memo to employees.
Mr Muthui holds a Master’s Degree in Finance from the London School of Economics, an MBA from the University of Nairobi, a Bachelor’s Degree in Economics and Mathematics from Egerton University, and he is a qualified Accountant with ACCA, UK and a licensed Investment Banker.
This appointment comes at a time when the parent company is pursuing separation from its African subsidiaries through a divestment at Barclays Africa Group Limited, and is seen as an effort to bring onboard an investment banking executive who can help the bank develop its standalone strategy following the separation.
In-line with refocusing its strategy, Barclays has started launching new products including the launch of East Africa’s first Gold ETF recently listed at the Nairobi Securities Exchange.