Barclays replaces co-heads of equities business

LONDON – Barclays’ co-heads of equities, Todd Sandoz and Paul Leech, have stepped down from their roles and left the bank, a company spokesperson said on Monday.

Stephen Dainton, who has run the business in the past, has taken over as interim global head of equities, the spokesperson said.

“The current strategy and client proposition for equities were set by Stephen when he previously ran the business and will not change,” the bank said in an internal memo seen by Reuters and confirmed as genuine by the spokesperson.

Source