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Stories of Interest
- Louisiana Adviser Barred for Hiding Losses from Investors
- Connecticut HF Manager Illegally Diverted Investor Money - Now Owes Nearly $13Mn
- White House Cleaning House of Advisors Without Full Security Clearance
- Goldman Projects 30% Growth in Wealth Management Advisor Force
- Whistleblower Alleges Manipulation of CBOE Volatility Index
- FINRA Looking Into VIX (CBOE Volatility Index) Manipulation: WSJ
- Atlanta-Area Resident Charged with Misusing Investor Funds - SEC
- FINRA Announces 2018 West Region Networking Seminar
- Alberto Arevalo, Associate Director in Office of International Affairs, to Retire From SEC
- A Culprit for Financial Site Glitches: You and Your Apps
- Investor Protection, Capital Formation and Market Integrity Are Top Priorities in SEC Budget Request
- We Must Stop Out-Of-Control Trading or U.S. Capitalist System Will Break Down - Dick Bove
- SEC Launches Share Class Selection Disclosure Initiative to Encourage Self-Reporting and the Prompt Return of Funds to Investors
- BofA CEO Moynihan Got $23Mn Compensation for 2017 – a 15% Pay Raise
- Former Credit Suisse ‘Star’ Gets 5-Year Jail Term For "Clever Fraud"
- FINRA: Perspectives on Customer Arb Award Recovery
- FINRA: Amend Membership App Program to Incentivize Arbitration Award Payments
- Goldman's #2 Allegedly Swindled Out of $1.2Mn of Wine by Assistant
- FINRA Publishes Annual Budget Summary - No Fee Rate Increases for Member Firms
- CFTC Chairman Giancarlo Names Maggie Sklar Senior Counsel
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NEWSLETTERS & ALERTS
Barclaycard CEO Quits to Fight Trump on Civil Liberties
Amer Sajed left Pakistan at age 19 for the United States, to attend Vassar College. Having arrived with just $900 in his pocket, his first job - cleaning toilets at McDonalds - didn’t last long, but his one take away was that 'all jobs deserve respect'.
Thirty-seven years later, Mr. Sajed, 56, is CEO of Barclaycard and a member of Barclays executive committee. But not for long.
Yahoo Finance reports that Mr. Sajed will be leaving the bank in July to fight for civil liberties in his adopted homeland amid concerns about the rights of Muslims, immigrants and women. He’s already been working with the American Civil Liberties Union (ACLU) and other grassroots community organizations.
A quick read of Mr. Sajed’s executive profile on the Barclaycard web site provides some insight into the basis for his decision. We’d like to share some of that profile.
[Financialish: While reading Amer Sajed’s profile, consider his ‘DNA’ and philosophies to those of Wells Fargo's senior management for card member services. It's not apparent that the higher-ups at Wells have a similar appreciation for work/life balance – or, for that matter, 'doing the right thing.”]
Professional Philosophy. We need to ensure appropriate work/life balance, and to celebrate our successes.
What attracted you to Barclaycard? I came to Barclaycard because I felt I could really make a difference here. In my previous role, I was trapped into 'incrementalism' and I had an opportunity here to break the mold and think differently and make a difference for our UK cards portfolio.
What do you look for in the people you hire? Passion, team work, can-do attitude, and I also ask prospects for examples of successes and failures.
If you could change one thing about financial services what would it be?
I would put more control in the hands of our customers by creating a menu of options that our customers can choose from easily - e.g., at AT&T you can choose your plan (individual or family, 5 lines or 10, 1 GB or 20 GB) or Toyota (type of seats, engine, model, etc.) – and the value equation is so transparent (e.g. leather seats will cost $1,000 extra).
In 3 words, how would you describe your leadership style and why? Informal, action-oriented, and collaborative. Why? Because it works – and I have found that it gets the best out of people.