News Column

Barclays Top Compliance Officer Sants Steps Down

November 13, 2013

British bank Barclays said Hector Sants, the head of its regulatory compliance office, has decided to step down from his post.

"He has concluded that he will not be able to return to work in the near term. Consequently, he has decided to resign from Barclays and not return from sick leave," the bank said in a statement.

The Wall Street Journal reported Wednesday that Sants had been on sick leave since late October and that he was suffering from stress and exhaustion.

Sants, previously the chief executive of the Financial Services Authority, joined the bank in January, the Journal said.

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Original headline: Barclays top compliance officer steps down

Source: Copyright 2013 United Press International, Inc. (UPI).

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