Share

Stress takes toll on Barclays compliance chief

London - Hector Sants, Britain's former top financial regulator who joined Barclays at the start of this year as head of compliance, is to take the rest of the year off after suffering from exhaustion and stress.

Barclays said on Tuesday Sants had been diagnosed following five years at the helm of the Financial Services Authority and a busy start to his role at the bank.

The pressure on bankers, both junior and senior, has ratcheted up since the financial crisis due to job cuts, fire sales and increased regulatory scrutiny.

Lloyds chief executive Antonio Horta-Osorio took two months off at the end of 2011 on doctors orders after suffering sleep deprivation and exhaustion while trying to turn the bank around.

He returned at the start of 2012 and has been praised for leading a recovery at Lloyds.

Sants is following medical advice and will be taking a leave of absence until the end of the year, Barclays said. He is expected to return to work in the new year.

Sants, who is head of compliance, government affairs and regulatory relations for the bank, sits on the executive committee and reports directly to chief executive Antony Jenkins. He is not a member of the bank's full board.

We live in a world where facts and fiction get blurred
Who we choose to trust can have a profound impact on our lives. Join thousands of devoted South Africans who look to News24 to bring them news they can trust every day. As we celebrate 25 years, become a News24 subscriber as we strive to keep you informed, inspired and empowered.
Join News24 today
heading
description
username
Show Comments ()
Rand - Dollar
18.80
+1.1%
Rand - Pound
23.49
+1.3%
Rand - Euro
20.10
+1.5%
Rand - Aus dollar
12.28
+1.0%
Rand - Yen
0.12
+2.8%
Platinum
923.40
-0.2%
Palladium
957.50
-3.3%
Gold
2,336.75
+0.2%
Silver
27.20
-0.9%
Brent Crude
89.01
+1.1%
Top 40
69,358
+1.3%
All Share
75,371
+1.4%
Resource 10
62,363
+0.4%
Industrial 25
103,903
+1.3%
Financial 15
16,161
+2.2%
All JSE data delayed by at least 15 minutes Iress logo
Company Snapshot
Editorial feedback and complaints

Contact the public editor with feedback for our journalists, complaints, queries or suggestions about articles on News24.

LEARN MORE
Government tenders

Find public sector tender opportunities in South Africa here.

Government tenders
This portal provides access to information on all tenders made by all public sector organisations in all spheres of government.
Browse tenders