The head of Barclays' global financial institutions group, Jeff Weiss, is retiring after nearly three decades at the British bank and Lehman Brothers, according to an internal memo seen by Reuters on Thursday. Weiss, who also served on the executive committee of investment banking, is leaving to pursue entrepreneurial opportunities, said the memo, which was signed by Skip McGee, the head of Global Investment Banking at Barclays.Weiss served in his role at Barclays since 2008, and held the same title at Lehman Brothers from 2007 to 2008. He started his career in 1983 as a corporate bond trader at Lehman Brothers.A Barclays spokesman confirmed the contents of the memo.Recent transactions in which Barclays' financial services group has played a role include serving as special adviser to the board of U.S. insurer MetLife Inc in its acquisition of American International Group Inc unit ALICO for about $15.5 billion and Prudential Financial Inc's acquisition of certain AIG subsidiaries for $4.8 billion.
American International Group, Inc. (AIG) is an international insurance company, serving customers in more than 130 countries. Shares of AIG traded higher by 0.81% or $0.24/share to $29.94. In the past year, the shares have traded as low as $19.18 and as high as $36.46. On average, 8915050 shares of AIG exchange hands on a given day and today's volume is recorded at 12459393.
Financial Institutions, Inc. (FII) is a financial holding company. Shares of FISI fell by 1.86% or $-0.31/share to $16.33. In the past year, the shares have traded as low as $12.18 and as high as $18.01. On average, 24150 shares of FISI exchange hands on a given day and today's volume is recorded at 13080.
MetLife, Inc. (MetLife), is a provider of insurance, annuities and employee benefit programs, serving 90 million customers in over 50 countries. Shares of MET fell by 1.41% or $-0.53/share to $37.14. In the past year, the shares have traded as low as $25.61 and as high as $47.10. On average, 9277150 shares of MET exchange hands on a given day and today's volume is recorded at 8825967.
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