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Stories of Interest
- Banca IMI Securities to Pay $35Mn for Improper Handling of ADRs in Continuing SEC Crackdown
- Members of White House ‘Arts Panel’ Resign En Masse in Protest of Trump
- FINRA Whiffs on Disciplinary Sanction: Bill Singer's 'Negligent Market Manipulation in OTC Stock Promotion'
- Heather Heyer’s Mother Says, ‘I’m Not Talking to the President’
- Goldman Sachs May Have Lost $100Mn on Energy Bet Gone Wrong
- SEC Drops Case Against Ex-JPMorgan Traders Over 'London Whale'
- Financial Advisers That Invest in Technology Need to Accomplish These Two Things
- FINRA Amends Codes Regarding Expedited Arbitrator List Selection
- FINRA July 2017 Quarterly Disciplinary Review (Podcast)
- Senior Exec in Citigroup's Equities Unit Has Left
- Prudential Plotting its Escape From Fed's Tough Oversight
- Why CEOs Spurned Trump's Business Councils, in Their Own Words
- A Stockbroker, Her LLC, and Her Customers' Loans (Or Investment?) - Bill Singer
- Brian Quintenz Sworn In as CFTC Commissioner
- A Gary Cohn Resignation Would 'Crash the Markets' – Mgmt Guru Jeffrey Sonnenfeld
- Trading Firm DRW to Buy RGM Advisors - As Low Volatility Forces Out Weak HFT Players (subsc reqd)
- Reputational Damage - Rajat Gupta on Hard Road to Recovery
- 7th Circuit Affirms Spoofing Conviction - Bill Singer
- Wells Fargo Announces Board Changes
- Judge Rules Against Ex-Goldman Employee in Fed Leak Case
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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.