Antony Jenkins

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Antony Jenkins
Antony Jenkins.jpg
Born
Antony Peter Jenkins

(1961-07-11) July 11, 1961 (age 57)
Manchester, England
NationalityBritish
EducationBA (Philosophy, Politics and Economics)
MBA
Alma mater University College, Oxford
Cranfield School of Management
OccupationBanker
Years active1982 – present
SalaryGBP £5,467,000 (total compensation, 2014) [1]
TitleCEO, 10x Future Technologies
Spouse(s)Amanda A Benson
ChildrenTwo

Antony Peter Jenkins (born 11 July 1961) is a British business executive. Since 2016 he has been the chief executive officer of 10x Future Technologies, which he founded. He was the group chief executive of Barclays from 30 August 2012 until his dismissal on 8 July 2015.

A business executive is a person responsible for running an organization, although the exact nature of the role varies depending on the organization.

Barclays British multinational banking and financial services company

Barclays plc is a British multinational investment bank and financial services company, headquartered in London. Apart from investment banking, Barclays is organised into four core businesses: personal banking, corporate banking, wealth management, and investment management.

Contents

Early life and education

Jenkins grew up in Stoke-on-Trent, [1] and was educated at Oxford University, [2] where he received a Bachelor's degree in Philosophy, Politics and Economics. He also holds an MBA from Cranfield School of Management at Cranfield University. [3]

Stoke-on-Trent City and unitary authority in England

Stoke-on-Trent is a city and unitary authority area in Staffordshire, England, with an area of 36 square miles (93 km2). Together with the neighbouring boroughs of Newcastle-under-Lyme and Staffordshire Moorlands, it is part of North Staffordshire. In 2016, the city had a population of 261,302.

Bachelors degree Undergraduate academic degree

A bachelor's degree or baccalaureate is an undergraduate academic degree awarded by colleges and universities upon completion of a course of study lasting three to seven years. In some institutions and educational systems, some bachelor's degrees can only be taken as graduate or postgraduate degrees after a first degree has been completed. In countries with qualifications frameworks, bachelor's degrees are normally one of the major levels in the framework, although some qualifications titled bachelor's degrees may be at other levels and some qualifications with non-bachelor's titles may be classified as bachelor's degrees.

Cranfield School of Management

Cranfield School of Management, established in 1967, is a business school that is part of Cranfield University in Bedfordshire, United Kingdom. It was ranked among the Top 30 European Business Schools by the Financial Times in 2017. Cranfield School of Management is triple accredited by the Association of MBAs (AMBA), EQUIS and AACSB. It is particularly well-known for its MSc Logistics & Supply Chain Management, MSc Finance and Management, MSc Management as well as its MBA programme. Cranfield University, the UK’s only wholly postgraduate university, specialises in science, technology, engineering, and management.

Banking career

Jenkins began his career in finance at Barclays as a graduate in 1983, but subsequently moved to Citigroup where he was promoted to lead the company's branded credit card business. In 2006, he returned to Barclays to take over the company's Barclaycard division. In 2009, Jenkins was promoted to chief executive of the retail and business banking group and asked to join the executive committee. [1] [4]

Finance academic discipline studying businesses and investments

Finance is a field that is concerned with the allocation (investment) of assets and liabilities over space and time, often under conditions of risk or uncertainty. Finance can also be defined as the art of money management. Participants in the market aim to price assets based on their risk level, fundamental value, and their expected rate of return. Finance can be split into three sub-categories: public finance, corporate finance and personal finance.

Citigroup American multinational investment bank and financial services corporation

Citigroup Inc. or Citi is an American multinational investment bank and financial services corporation headquartered in New York City. The company was formed by the merger of banking giant Citicorp and financial conglomerate Travelers Group in 1998; Travelers was subsequently spun off from the company in 2002. Citigroup owns Citicorp, the holding company for Citibank, as well as several international subsidiaries.

Credit card Card enabling payments from a line of credit

A credit card is a payment card issued to users (cardholders) to enable the cardholder to pay a merchant for goods and services based on the cardholder's promise to the card issuer to pay them for the amounts plus the other agreed charges. The card issuer creates a revolving account and grants a line of credit to the cardholder, from which the cardholder can borrow money for payment to a merchant or as a cash advance. In other words, credit cards combine payment services with extensions of credit. Complex fee structures in the credit card industry may limit customers' ability to comparison shop, helping to ensure that the industry is not price-competitive and helping to maximize industry profits. Due to concerns about this, many legislatures have regulated credit card fees.

Jenkins was appointed as Barclays' group chief executive on 30 August 2012. [5] In February 2014, he announced he would be declining his bonus for 2013 following a series of scandals. [6] On 8 July 2015 it was announced that he had been sacked by Barclays after a dispute with the board over the size of the investment bank and the pace of cost cutting. Barclays' deputy chairman Sir Michael Rake said a "new set of skills" was required at the head of the group. [7]

In 2016, Jenkins launched 10x Future Technologies, a Fintech company based in London. [8] [9]

Boards

Jenkins served on the board of Visa Europe Ltd from 2008 until 2011. He is a member of the steering group for the Big Innovation Centre – an initiative of the Work Foundation and Lancaster University. He is also closely involved with a number of charitable institutions as well and is a Patron for Government Employee Engagement. [10]

Visa Inc. multinational financial company best known for credit and debit cards

Visa Inc. is an American multinational financial services corporation headquartered in Foster City, California, United States. It facilitates electronic funds transfers throughout the world, most commonly through Visa-branded credit cards, gift cards, and debit cards. Visa does not issue cards, extend credit or set rates and fees for consumers; rather, Visa provides financial institutions with Visa-branded payment products that they then use to offer credit, debit, prepaid and cash-access programs to their customers. In 2015, the Nilson Report, a publication that tracks the credit card industry, found that Visa's global network processed 100 billion transactions during 2014 with a total volume of US$6.8 trillion.

Lancaster University research university in Lancaster, England

Lancaster University is a collegiate public research university in the City of Lancaster, Lancashire, England. The university was established by Royal Charter in 1964, one of several new universities created in the 1960s.

Jenkins is a One Young World Counsellor, speaking to One Young World delegates about responsible capitalism at Summits in Zurich, Switzerland in 2011, [11] Pittsburgh, United States in 2012, [12] Johannesburg, South Africa in 2013 [13] and Dublin, Ireland in 2014. [14]

In June 2016 he was appointed shadow chair of the Institute for Apprenticeships by the Department for Business, Innovation and Skills, prior to its formal operational start in 2017. [15]

Personal life

Jenkins met his wife, Amanda Benson, during his student days [16] and they married in 1984. The couple have two children. He is an ardent music lover who says he listens to rock, jazz, or classical music. [3]

Related Research Articles

Cranfield University university

Cranfield University is a British postgraduate and research-based public university specialising in science, engineering, technology and management. Cranfield was founded as the College of Aeronautics in 1946. Through the 1950s and 1960s, the development of many aspects of aircraft research and design led to considerable growth and diversification into other areas such as manufacturing and management. In 1967, the Cranfield School of Management was founded. In 1969, the College of Aeronautics became The Cranfield Institute of Technology incorporated by Royal Charter and gained degree awarding powers and became a university in its own right. In 1993, it adopted its current name.

Bob Diamond (banker) American banker

Robert Edward Diamond, Jr. is a British-American banker and former group chief executive of Barclays plc. In 2010, he became its president and deputy group chief executive; and in January 2011, succeeded John Varley as group chief executive of Barclays.

ABSA Group Limited

Absa Group Limited, formerly Barclays Africa Group Limited, and originally Amalgamated Banks of South Africa, is a South African financial services provider, offering personal and business banking, credit cards, corporate and investment banking, wealth and investment management as well as bancassurance. Absa Bank Limited is a wholly owned subsidiary of Absa Group Limited.

John McFarlane British businessman

John Thomas McFarlane OBE is a British businessman, currently serving as group chairman of Barclays.

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Marcus Agius British financier

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Finastra financial technology company

Finastra is the third largest financial technology company in the world. The firm was formed in late 2017 through the combination of D+H and Misys, after Vista Equity Partners acquired Misys in June 2012 and subsequently purchased D+H in 2017.

Barclays Wealth

Barclays Wealth Management serves affluent and high net worth clients through offices across the UK, offering personalised banking, credit, investment management and wealth planning services.

Skills Funding Agency executive agency

The Skills Funding Agency was one of two successor organisations that emerged from the closure in 2010 of the Learning and Skills Council. The agency was in turn replaced by the Education and Skills Funding Agency in 2017.

Sir Hector William Hepburn Sants is a British investment banker. He was appointed Chief Executive Officer of the Financial Services Authority in July 2007 and stepped down in June 2012. He took up a new position with Barclays Bank at the end of January 2013, but resigned from the bank on 13 November 2013.

Hugh E. "Skip" McGee III is an American investment banker who was formerly a senior executive at Lehman Brothers and Barclays. He is presently co-founder and Chief Executive Officer of Intrepid Financial Partners, a power and energy focused merchant bank.

James Edward "Jes" Staley, is an American banker, and the group chief executive (CEO) of Barclays. He spent 34 years at J.P. Morgan's investment bank, ultimately becoming CEO. In 2013 he moved to BlueMountain Capital, and on 1 December 2015 became CEO of Barclays.

Roger Allan Jenkins is a British financier currently awaiting trial for conspiracy to commit fraud and the provision of unlawful financial assistance by the Serious Fraud Office. In May 2018, the charges brought against Barclays Bank were dismissed by the court, but the charges against Jenkins were retained.

Sergio Ermotti is a Swiss banker from Lugano, Switzerland. He is Group CEO of UBS since November 2011

Sergio Pietro Ermotti is a Swiss investment banker and former stock trader. He has been the chief executive officer (CEO) of UBS Group AG since November 2011, having held the position on an interim basis since September 2011. He previously served as the deputy chief executive officer for Italian bank UniCredit, from 2007 to 2010.

Financial technology

Financial technology, often shortened to FinTech or fintech, is the new technology and innovation that aims to compete with traditional financial methods in the delivery of financial services. It is an emerging industry that uses technology to improve activities in finance. The use of smartphones for mobile banking, investing services and cryptocurrency are examples of technologies aiming to make financial services more accessible to the general public. Financial technology companies consist of both startups and established financial institutions and technology companies trying to replace or enhance the usage of financial services provided by existing financial companies. Many existing financial institutions are implementing Fintech solutions and technologies in order to improve and develop their services, as well as gaining an improved competitive stance.

Smart Pension is a defined contribution master trust pension scheme setup for UK employers to automatically enrol employees in a workplace pension scheme that meets the required legislative standards.

Gerd Schenkel


Gerd Schenkel MS (Robotics), MBA (Columbia) is an Australian business person, chairman of Credit Clear, and until June 2017 was the CEO of Tyro Payments, an Australian EFTPOS services company, aiming to "disrupt" the incumbent banks.

Bahren Shaari is the current Chief Executive Officer of Bank of Singapore, a position he has held since February 2015. Under his leadership, the bank's reach has expanded around the world and has offices in Singapore, Europe, Dubai and Hong Kong.

References

  1. 1 2 3 "Bloomberg Businessweek Profile – Antony Jenkins".
  2. Jolly, David (30 August 2012). "Barclays Names C.E.O. Amid Tumult". New York Times.
  3. 1 2 "Barclays' new chief executive Antony Jenkins: profile". Guardian. 30 August 2012. Retrieved 1 September 2012.
  4. Aldrick, Philip (17 November 2009). "'Nice guy' of banking Antony Jenkins is the big winner at Barclays". The Telegraph.
  5. "Antony Jenkins appointed as Group Chief Executive". Barclays. 30 August 2012. Archived from the original on 3 September 2012. Retrieved 1 September 2012.
  6. "Barclays chief forgoes bonus". HR Grapevine. Retrieved 28 October 2014.
  7. Treanor, Jill. "Barclays fires chief executive Antony Jenkins". The Guardian. Retrieved 8 July 2015.
  8. "Why I want to transform banking". 2016-10-31. Retrieved 2017-07-26.
  9. "Ex-Barclays boss Antony Jenkins just launched a fintech startup". Business Insider. Retrieved 2017-07-26.
  10. "Who Is New Barclays CEO Anthony Jenkins". hereisthecity.com. Retrieved 1 September 2012.
  11. "Behance". Behance. Retrieved 6 May 2017.
  12. Quinn, James (20 October 2012). "Antony Jenkins: Barclays needs to discover its purpose". Telegraph. Retrieved 6 May 2017.
  13. "One Young World: Where young leaders start leading". Barclays. Retrieved 6 May 2017.
  14. "Creating a network of young leaders". Barclays. Retrieved 6 May 2017.
  15. "Antony Jenkins appointed as shadow chair of the Institute for Apprenticeships - Press releases - GOV.UK". www.gov.uk. Retrieved 10 June 2016.
  16. "Financial Times – Music lover faces tough task at Barclays".


Business positions
Preceded by
Bob Diamond
Group Chief Executive of Barclays plc
30 August 2012 – 8 July 2015
Succeeded by
Jes Staley