Finance

Barclays CEO Jes Staley marks first anniversary of murder of George Floyd

The chief executive of Barclays Jes Staley has marked the one year anniversary of the murder of George Floyd in Minneapolis with an open letter to the bank’s staff.

In his 25 May letter, Staley called Floyd’s killing at the hands of a police officer: “A tragic moment that deeply affected so many people and opened the eyes of the world, amplifying the need for immediate social change.”

Staley said in the aftermath of Floyd’s killing that the bank could do more as an organisation to stamp out tolerance for racial discrimination.

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“We are determined to drive sustainable change and have prioritised listening, learning, and understanding from those most affected by these issues,” Staley wrote.

Since June 2020, Staley said the bank had launched a race at work action plan to drive cultural change, recruitment and support for Black staff.

He pointed to the hire of Ray Dempsey as the bank’s first group chief diversity officer, and also said the bank had developed training for managers and established mandatory race and ethnicity training for all staff.

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“These are only small steps on a long journey, and by no means solutions in their own right, but they do represent progress to building a better Barclays,” Staley said.

He also noted violence against the Asian community.

“The road may be long, but guided by our values and our zero-tolerance stance on racism, Barclays will be part of the solution,” Staley concluded.

To contact the author of this story with feedback or news, email James Booth

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