Barclays is staying on this side of the pond in its search for a new CEO.
The British bank is said to be close to naming former top JPMorgan banker Jes Staley its next chief executive officer, according to a person with direct knowledge of the matter.
The UK bank told regulators he’s the front-runner for the post, and his appointment could be announced within two weeks if approved, a source tells Bloomberg.
Staley spent 34 years at JPMorgan, rising from his post as an investment banker in Brazil to run the firm’s asset-management and investment-bank units.
He was once seen as a candidate to succeed Jamie Dimon as CEO.
Barclays Chairman John McFarlane is seeking to replace CEO Antony Jenkins, whom he fired in July after growing frustrated with the slow pace of restructuring.
McFarlane has pledged to step up the pace of his overhaul and press on with cost cuts and divestitures to bolster earnings.
A spokeswoman for Barclays declined to comment.