Barclays CEO James’ Jes’ Stanley steps down. He steps down as James is having an inquiry over his links with Jeffrey Epstein. Amid these controversies, the media started investigating the net worth and career of Jes Stanley.
The bank also said in this case that a proper investigation would be there to investigate his wealth and his links with Epstein. Financial Conduct Authority and Prudential Regulation Authority will examine this case.
Both the investigation teams will release the final report next month. So, let us discuss who Jes Stanley is and his net worth.
Who is Jes Stanley?
Jes Stanley was born on 27th December 1956. He is an American banker. Stanley is also the CEO of Barclays. He officially stood down from his post after his links with sex offender Jeffrey Epstein was revealed. After this, C.S. Venkatakrishnan became the successor of Barclays. James has almost 35 years of experience in the financial and banking sector.
Stanley was born in Boston. His father was also the CEO of PQ Corporation, the chemical industry. James’ grandfather was also the top executive in one of the companies. He has one more brother who is an AIDS Activist. Stanley graduated with a degree in Economics from Bowdoin College.
His first job was at JP Morgan, where he worked as the head of corporate finance. After which, he became the managing partner of BlueMountain Capital before the appointment with Barclays.
What is the Net worth of Jes Stanley?
According to various reports, Stanley has £4 million net worth approximately.
He received £4 million in 2020 and a bonus of up to £843,000. The amount of money received was already in the headlines. Bank’s pre-profit went down to £3.1 million in 2020. This massive amount in the year 2020 became suspicious for the bank. It is one of the reasons the investigation team was on board.
In the meantime, Stanley received £8.24 million from the date of the appointment in Barclays.
Jes Stanley’s career
After James graduated, his first job was in Morgan Guarantee Trust and Co. He was the head of corporate finance for Brazil and also the general manager of the brokerage firm. Soon after, in 1990, James became one of the founding members of JP Morgan’s equities business. He worked in Morgan for more than 30 years, after which he joined as the managing director in the BlueMountain Capital.
He was regularly reaching the stairs of success. After which, he became the board of directors of the Swiss global financial company. In October 2015, Stanley became the CEO of Barclays.