'Bullying' bank boss exposed by the Mail on Sunday has quit Barclays
Resigned: Barclays banker Mitch Cox has stepped down after being accused of bullying junior staff
A Barclays banker accused of bullying and intimidation of junior staff in a secret report exposed by The Mail on Sunday has stepped down.
Barclays confirmed that Mitch Cox had left, saying he had quit to ‘pursue interests outside the firm’.
In January, this newspaper lifted the lid on Barclays Wealth – the division that handles money for the bank’s most affluent clients – revealing the report had slammed the operation in America but had been kept from senior figures, including chief executive Antony Jenkins.
At the centre of the report was the New York office of Barclays Wealth Americas, headed by Mr Cox, where in April last year a consultancy was called in to investigate.
It reported claims of ‘bullying and intimidation by Mitch and his tribe’ and said many staff had privately said Mr Cox should leave.
Despite this, the report concluded that Mr Cox, who joined Barclays in 2009, should stay, and he remained until last week.
Tom Kalaris, the global chief of Barclays Wealth operation, will take control of the US operation until he finds a replacement.
Last night, Barclays said: ‘In the past three years Wealth Americas has transformed into a successful advice-led wealth management business.’
Mr Cox could not be reached for comment.
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Barclays bank said Wealth Americas has transformed into a successful advice-led wealth management business
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