A $10 Million Exit and a New Chapter: Olivier Vigneron's Journey from Deutsche Bank to Barclays
In a move that has sparked curiosity and debate, Olivier Vigneron, the former Group Chief Risk Officer of Deutsche Bank, is set to embark on a new professional adventure with Barclays. But here's where it gets intriguing: Vigneron's departure from Deutsche Bank, with a reported $10 million earnings, was not a retirement plan or a leisurely pursuit. Instead, he is stepping into a potentially less demanding role at Barclays, but one that still carries significant responsibility.
Vigneron's journey began at Deutsche Bank in November 2021, and his tenure there concluded in December last year. During this period, he accumulated a substantial fortune, which has now led him to Barclays. However, his new position as Chief Risk Officer for Barclays Bank PLC might offer a different pace compared to his global responsibilities at Deutsche Bank. Taalib Shaah, who joined Barclays from Citi over a decade ago, currently holds the Group Chief Risk Officer position.
While Vigneron's new role may seem less weighty, it comes with its own set of challenges. As a senior manager at the group level, he will be personally accountable for any regulatory breaches that occur at Barclays Bank in the UK. This means he must demonstrate reasonable efforts to prevent such breaches, or else face personal liability.
Given the circumstances, some time off was likely necessary for Vigneron to recharge and prepare for this new chapter. And this is the part most people miss: the human element in these high-profile moves. It's a reminder that even in the world of finance, where millions are at stake, individuals still need time to rest and reset.
So, what do you think? Is Vigneron's move a strategic career shift, or a sign of something more controversial? Share your thoughts in the comments below. We'd love to hear your perspective on this intriguing story.
