Barclays appoints JPMorgan's Paul Compton as new COO

Britain's Barclays % (BARC.L) has named JPmorgan Chase & Co (JPM.N) executive Paul Compton its new leader working Officer, following the departure of Jonathan Moulds.

Compton, who will be a part of in may also, will oversee operations & generation, structural reform, fee transformation and main challenge transport, the bank said in a declaration on Tuesday.

Compton's appointment comes at a time whilst Barclays has been reviewing global operations, and intently follows the appointment of any other JPMorgan veteran, Jes Staley, as chief govt in December.

Barclays said in an inner memo to personnel in January that it deliberate to reduce approximately 1,000 jobs in investment banking global and near its coins equities business in Asia.

Moulds will go away the financial institution to pursue other possibilities, Barclays said in its declaration.