##**Barclays CEO Explains Investment Bank Turnover and Future Growth**
In this Bloomberg interview, Barclays Plc Chief Executive Officer C.S. Venkatakrishnan addresses the recent turnover of investment bankers at the firm. While acknowledging the loss of some bankers, Venkatakrishnan emphasizes that the turnover rate is within the normal range for the industry during this time of year, following the payment of bonuses[^1^].
He further explains that Barclays has gone through a management change in its investment bank, driven by anticipated changes in the banking landscape. Factors such as rising interest rates, evolving business models, and the growing importance of sectors like technology, sustainability, and climate tech have influenced this strategic shift[^1^].
Furthermore, Venkatakrishnan highlights the changing dynamics and importance of various players in the banking market, including private equity groups and private credit funds, which have slightly disrupted traditional banking practices. As Barclays has expanded both in Europe and in its equity, M&A, and debt capital markets, the organization is focused on nurturing the next generation of leadership for its investment bank, leveraging its strengths while embracing new opportunities[^1^].
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[^1^]: Bloomberg. “Barclays CEO: Seeing Normal Investment Banker Turnover.” Bloomberg.com. [Watch here](https://www.youtube.com/watch?v=VIDEOID). Accessed DATE.
[^2^]: Bloomberg. “Bloomberg on Social Media.” Bloomberg.com. [Accessed here](http://www.bloomberg.com). Accessed DATE.
Barclays Plc Chief Executive Officer C.S. Venkatakrishnan says the firm is losing some investment bankers, but the turnover rate is only slightly higher than usual. He says there’s always “musical chairs” at this time of year after bonuses have been paid out. He speaks to Bloomberg’s David Westin.
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