This time two years ago, Barclays was all about hiring big names who'd worked at JPMorgan, encouraged by Tim Throsby, the former head of the investment bank who himself spent nearly seven years with the U.S. bank. Twenty four months later, Throsby and his naked minotaur painting are gone, and at least one of his hires has reverted to JPM.
Eric Childs, Barclays' former head of U.S. dollar swaps trading, rejoined JPMorgan last month, according to his LinkedIn profile. Childs' FINRA registration shows him leaving Barclays on August 29th.
This isn't Childs' first sojourn at JPMorgan. He spent 12 years with the U.S. bank between 2001 and 2013, before quitting for BlueCrest Capital Management in 2013. Childs was at BlueCrest for four years before joining Barclays.
Last week, Deutsche Bank praised Barclays' corporate and investment bank for its strong cost control and impressive revenue growth. However, doubts have been raised over Barclays' appetite for paying bonuses for 2019, and Childs may have quit preemptively for JPMorgan with this in mind. He has yet to officially join the British bank, according to FINRA.
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