Leadership: Barclays Opts for the Internal Option for New CEO

Barclays Bank needs a new leader - and the Board have made their choice. Barclays have opted for an internal candidate - Antony Jenkins - rather than recruit an external candidate.

The Barclays Bank case study will be a key one for many business students and teachers this year. So many important business studies concepts have been illustrated by the problems that Barclays has experienced relating to the LIBOR-setting scandal, mis-selling scandals and the eventual departure of Bob Diamond and other members of the Board. Barclays is almost the perfect case study that combines leadership, ethics and culture!

The are numerous profiles of Antony Jenkins which will help students find out more about his background, skills and experience:

Reuters: Barclays’ new CEO will need to work doubly hard

Antony Jenkins: the retail banker with the biggest job in banking

Barclays’ new chief executive Antony Jenkins: profile

The BBC video below briefly discusses the challenges faced by Jenkins as he takes his seat as the new Barclays CEO.

Was it right for Barclays to choose someone who has worked at the bank for so long?

What are the advantages and possible downsides of an internal appointment compared with bringing in someone new to the business?

How easy will it be for Jenkins to lead the necessary change to Barclay’s culture?

There are some possible answers to questions like these from investment analysts interviewed by the Guardian once Jenkins’ appointment had been confirmed.