The chief executive of Barclays has been diagnosed with cancer, the bank announced.
Coimbatore Sundararajan Venkatakrishnan, known as Venkat within the bank, is to undergo treatment for non-Hodgkin’s lymphoma in New York.
It was expected to last between 12 and 16 weeks, during which time he will work from home for certain periods.
Mr Venkatakrishnan, 56, said in a letter that his condition was curable and doctors said his prognosis was “excellent”.
“During this period, the business will operate normally and I will continue to actively participate in its management,” he wrote.
“The good news is that the problem was caught early, with scans and biopsies confirming that it is very localized.”
A bank spokesperson confirmed that the bank had not appointed an interim chief executive.
Non-Hodgkin’s lymphoma is a cancer that grows in the lymphatic system, weakening the immune system, but most cases are considered “highly treatable”, according to the NHS website.
Mr. Venkatakrishnan, who is American, was appointed to this post just over a year ago after the sudden departure of Jes Staley.
He was previously head of global markets at the bank.
