Key Takeaways
- Barclays will appoint 2 executives as Investment Bank Co-CEOs.
- Mike Joo will join Barclays from Bank of America in 2027.
- Adeel Khan has served as Investment Bank Co-Head since 2021.
- Both executives will join Barclays’ Group Executive Committee in February.
Barclays has announced plans to appoint Mike Joo and Adeel Khan as Barclays Co-CEOs of its Investment Bank from February 2027, subject to regulatory approval. The leadership change will place Joo and Khan jointly at the helm of the bank’s investment banking operations.
Mike Joo to join from Bank of America
Joo is expected to join Barclays in early 2027 from Bank of America, where he most recently served as Co-Head of Global Investment Banking. He joined Bank of America in 2006 and has held several senior positions across its Global Corporate and Investment Banking and Global Markets businesses.
His career at Bank of America has included leadership responsibilities across investment banking and markets, giving him experience across multiple areas of the financial services business.
Joo will join Barclays’ Investment Bank alongside Khan, who currently leads Global Markets and has served as Co-Head of the Investment Bank since 2021.
The appointment will create a shared leadership structure for Barclays’ Investment Bank, with the two Barclays Co-CEOs responsible for overseeing the division from February 2027.
The appointments are subject to regulatory approval, with Joo expected to formally join Barclays at the beginning of 2027.
Khan and Joo to lead investment banking
Khan has held a senior leadership position within Barclays’ Investment Bank since 2021. In addition to serving as Co-Head of the Investment Bank, he leads the bank’s Global Markets business.
His continued role alongside Joo will bring together leadership across investment banking and global markets. The two executives will also become members of Barclays’ Group Executive Committee.
The appointments come as investment banks continue to manage activity across corporate finance, capital markets, and global financial markets. Leadership changes at major financial institutions can affect how businesses structure investment banking operations and serve corporate clients across different markets.
For Indian businesses and entrepreneurs, the development is relevant to the wider global investment banking landscape. Barclays operates across international financial markets, including services connected with corporate finance, capital raising, and market activities.
The new leadership structure is scheduled to take effect in February 2027. Until then, existing management arrangements will remain in place.
With Joo moving from Bank of America and Khan continuing in his current Barclays leadership role, the new Barclays Co-CEOs bring together experience across investment banking and global markets. Both will report through the bank’s senior executive structure and participate in Group Executive Committee discussions once the new arrangement takes effect.
