Roger Jenkins, the executive who secured billions of pounds in overseas funding to help Barclays remain free from direct government investment, is poised to leave the bank, the Sunday Telegragh reported.

The newspaper, without naming sources, said Jenkins was quitting to set up an advisory business that will work with sovereign wealth funds and other cash-rich institutions on takeover and other deals.

He is expected to continue advising Barclays on a consultancy basis, including in relation to its largest shareholder, the Qatar Investment Authority, the paper said.

Barclays was not immediately available for comment.

(Reporting by Mark Potter; Editing by David Cowell)

United kingdom Barclays