Tim Cartledge, one of Barclays' most prominent foreign-currency-exchange executives, just resigned, sources tell Business Insider.
There was a mystery surrounding the whereabouts of Cartledge for the past week, and sources close to the bank told Business Insider he was at home. The sources did not know the reason for his absence.
A source close to the bank's operations, however, tells us that Cartledge, global head of fixed income, currencies, and commodities (FICC) electronic trading at Barclays, resigned to take time out from the business.
Business Insider has for the past 24 hours repeatedly tried to get the bank's officials to comment on the information.
Prior to his most recent role, Cartledge was the head of the Barclays electronic currency trading (FX) platform Barx based in Singapore. He returned to London in 2013. He initially joined Barclays in 2004. Before that he worked at Goldman Sachs, Credit Suisse, and Dresdner Kleinwort Wasserstein.
There is no suggestion that Cartledge has done anything wrong or that he has been accused of wrongdoing. But the sudden departure is a surprise that has people within Barclays speculating as to why one of the bank's more important executives isn't working there anymore.
Barclays declined to comment on the individual or on any information in this story. It is rare for any bank, including Barclays, to confirm an individual leaving an institution.
Business Insider has tried calling Cartledge's team and emailed for confirmation of his departure. We also reached out to Cartledge via LinkedIn and Facebook for confirmation and comment over the supposed departure but have yet to receive a response.
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