Following the ousting of Barclays boss Antony Jenkins, people-watchers believe Tesco’s Benny Higgins may feature on the bank’s list of replacements.
Following the ousting of Barclays chief executive Antony Jenkins, industry people-watchers believe Tesco’s Benny Higgins is likely to feature on the bank’s list of potential replacements.
Higgins is in charge of Tesco’s bank and, in January this year, added the role of group strategy director as Dave Lewis implemented changes to put the giant grocer back on track.
Higgins, who joined Tesco Bank in 2008, is seen by some as one of the few banking bosses who came out of the banking crisis with his reputation intact and perhaps even enhanced.
But he has been awarded shares as part of Tesco’s bonus scheme. That, along with his increased responsibilities and the chance to be associated with a Tesco recovery might encourage him to resist any overtures from Barclays, should they be made.