C. S. Venkatakrishnan
{{Short description|American banker}}
{{Use dmy dates|date= November 2021}}
{{Use British English|date= November 2021}}
{{Infobox person
| name = C. S. Venkatakrishnan
| image =
| caption =
| birth_name =
| birth_date = {{birth year and age|1966|1}}
| birth_place = Mysore, Karnataka, India
| death_date =
| death_place =
| nationality = American
| citizenship =
| education = Massachusetts Institute of Technology (PhD)
| occupation = Banker
| known for =
| title = CEO, Barclays
| term = November 2021-
| predecessor = Jes Staley
| successor =
| boards =
| spouse =
| partner =
| children = 3
| parents =
| relatives =
| website =
| module = {{Infobox scientist|embed=yes
|thesis_title = Analysis and optimization of terminal area air traffic control operations
|thesis_year = 1991
|thesis_url = https://dspace.mit.edu/handle/1721.1/13716
|doctoral_advisors = {{unbulleted list|Amedeo Odoni|Arnold Barnett}}
}}
}}
Coimbatore Sundararajan Venkatakrishnan, also known as Venkat, is an American banker. He replaced Jes Staley as the group chief executive (CEO) of the British multinational bank Barclays in November 2021.{{Cite web|url=https://www.livemint.com/companies/people/venkatakrishnan-named-ceo-of-barclays-after-jes-staley-steps-down-11635755354403.html|title=Venkatakrishnan named CEO of Barclays after Jes Staley steps down|date=1 November 2021|website=mint}}{{cite news |last1=Volkery |first1=Carsten |title=Neuer Barclays-Chef muss skeptische Anleger überzeugen |url=https://www.handelsblatt.com/finanzen/banken-versicherungen/banken/c-s-venkatakrishnan-neuer-barclays-chef-muss-skeptische-anleger-ueberzeugen/27760508.html?ticket=ST-3845890-bMD3fWNzuzBfhzZSZjBo-cas01.example.org |work=Handelsblatt |date=2 November 2021 |language=de}}
__NOTOC__
Early life and education
Venkat was born in Mysore, India in January 1966.{{cite news |title=Coimbatore Sundararajan VENKATAKRISHNAN |url=https://find-and-update.company-information.service.gov.uk/officers/z06A45QhFlB0JaZm2VIEIgV1TSU/appointments |access-date=31 July 2022 |work=Companies House}} He earned bachelor's, master's and PhD degrees in operations research from the Massachusetts Institute of Technology.{{cite web |title=C.S. Venkatakrishnan Group Chief Executive |url=https://home.barclays/who-we-are/structure-and-leadership/leadership/c-s-venkatakrishnan/ |website=Barclays |access-date=1 November 2021}}{{cite web |url=https://mitsloan.mit.edu/sites/default/files/inline-files/Finance%20Beyond%20Crisis_Speaker%20Bios.pdf |title=Finance Beyond Crisis Conference |website=mitsloan.mit.edu |access-date=1 April 2022}} His 1991 thesis was entitled "Analysis and Optimization of Terminal Area Air Traffic Control Operations".{{cite web |title=PhD and Masters Theses |url=https://orc.mit.edu/research/phd-and-masters-theses |website=Massachusetts Institute of Technology |access-date=1 November 2021}}
Career
Venkat worked for JPMorgan Chase from 1994 to 2016, where he held senior positions in asset management, investment banking, and in risk, rising to chief investment officer for global fixed income, responsible for about US$200 billion in assets. He joined Barclays in 2016 as chief risk officer, before becoming head of global markets and co-president of BBPLC in October 2020.
Venkat left JPMorgan for Barclays in early 2016, and was among the first people Staley hired when he became CEO of the bank.{{cite news |last1=Spezzati |first1=Stefania |title=Barclays Trading Boss Saw the London Whale Coming (Repeat) |url=https://www.bloomberg.com/news/articles/2021-10-18/barclays-trading-boss-saw-the-6-billion-london-whale-coming?sref=CIpmV6x8 |access-date=2 November 2021 |work=Bloomberg.com |date=18 October 2021 |language=en}} Venkat was initially the bank's chief risk officer.{{cite news |last1=Spezzati |first1=Stefania |title=New Barclays CEO Plans to Stick With Mentor Staley's Strategy |url=https://www.bloomberg.com/news/articles/2021-11-01/barclays-s-venkat-replaces-mentor-staley-with-mixed-emotions?sref=CIpmV6x8 |access-date=2 November 2021 |work=Bloomberg.com |date=1 November 2021 |language=en}} Venkat had been head of global markets for Barclays, and succeeded Jes Staley with immediate effect after Barclays was notified of the preliminary results from an investigation by the Financial Conduct Authority (FCA) and the Prudential Regulation Authority into "how Staley had characterised his relationship with [Jeffrey] Epstein to Barclays".{{cite news |last1=Makortoff |first1=Kalyeena |title=Barclays chief Jes Staley steps down after Epstein investigation |url=https://www.theguardian.com/business/2021/nov/01/barclays-jes-staley-steps-down-fca-investigation |access-date=1 November 2021 |work=The Guardian |date=1 November 2021}}
Personal life
Venkat is based in London. He was diagnosed with non-Hodgkin lymphoma in November 2022, and continued to work while being treated.{{Cite news |last=Venkatakrishnan |first=CS |date=2023-02-04 |title=Barclays chief: the life lessons I have discovered during cancer treatment |pages= |work=Financial Times |url=https://www.ft.com/content/425a3c92-31e6-4fcc-a080-7cc3fc71b5fc |access-date=2023-02-04}} He is in remission after completing the treatment in March 2023.{{Cite news |url=https://www.reuters.com/article/business/barclays-ceo-venkat-completes-treatment-for-cancer-in-remission-idUSNIKBN2V5133 |title=Barclays CEO Venkat completes treatment for cancer, in remission |date=3 March 2023 |publisher=Reuters}} Venkat is married and has three children.{{Cite news |last1=Armitage |first1=Jim |last2=Treanor |first2=Jill |date=30 April 2023 |title=Barclays' CS Venkat: Five months of cancer treatment and I'm back on the 4:30am routine |url=https://www.thetimes.com/sport/cricket/article/barclays-chief-cs-venkat-cancer-fight-taught-me-hope-and-empathy-6ch3w7pkc |work=The Sunday Times}}
References
{{reflist|}}
{{s-start}}
{{s-bus}}
{{s-bef | before = Jes Staley}}
{{s-ttl | title = Group Chief Executive of Barclays plc
| years = 1 November 2021 – present}}
{{s-inc}}
{{s-end}}
{{Barclays}}
{{DEFAULTSORT:Venkatakrishnan, C. S.}}
Category:Massachusetts Institute of Technology alumni
Category:JPMorgan Chase people