Barclays' Adeel Khan Pushes Trading Growth Under 2024 Capital Limits

1 articles · Updated · Bloomberg · Jul 24

Adeel Khan is pressing Barclays' trading desks to grow despite capital constraints set by CEO CS Venkatakrishnan, making expansion harder even as volatile markets create opportunities.
One-hour reviews held every few months put senior traders and salespeople under scrutiny, with Khan probing individual performance, lagging desks and overly optimistic assumptions.
The tighter oversight reflects Barclays' broader 2024 strategy, which shifted emphasis toward retail banking and wealth management rather than giving trading a freer rein on capital.
That leaves Khan managing a core Wall Street business through a narrow path: capturing market swings for revenue while staying within limits imposed by the bank's strategic reset.