People on the Move: EIF, Barclays, Standard Chartered, and Julius Baer
This article appears in the September 2026 issue of Global Finance Magazine.
The European Investment Fund (EIF) has appointed Jean-Christophe Laloux as its next CEO, effective Jan 1. He will succeed Marjut Falkstedt, who plans to retire.
Laloux currently leads the European Investment Bank’s lending and advisory operations in the EU and has spent more than two decades at the EIB. He has helped develop financing tools for high-growth technology companies, infrastructure, climate projects, and private-sector investment, including venture debt, risk-sharing mechanisms, and project finance.
EIF Chair Nadia Calviño praised Laloux’s track record in developing innovative financing tools to support Europe’s technological competitiveness. Before joining the EIB in 1999, Laloux worked at Boston Consulting Group and PricewaterhouseCoopers. —Anthony Noto
Mike Jool and Adeel Khan will take the reins of Barclays’ investment bank business in February as co-CEOs, subject to regulatory approval. Jool will join the bank early next year from Bank of America, where he most recently co-headed global investment banking. Khan currently leads Barclays’ global markets.
Each will have a seat on the bank’s group executive committee. “Since 2023, our investment bank has delivered a strong performance, growing revenues and returns and driving a more integrated service for clients,” said C.S. Venkatakrishnan, Barclays Group chief executive.
“As we enter the next stage of our strategy, and reflecting the ambition we have for our investment bank, Adeel and Mike will form a strong partnership to deliver an even stronger, more integrated service to our clients.”—Rob Daly
Standard Chartered PLC confirmed the appointment of Manus Costello as Group CFO and executive director. Costello’s appointment, initially announced in May, formalizes his role atop the emerging markets-focused banking group.
The 25-year industry veteran spent 14 years at AllianceBernstein, rising to global head of research, and earlier served as senior director of equity research at Merrill Lynch.
Since joining Standard Chartered in 2024 as global head of Investor Relations, Costello has made “a significant contribution to the group’s strategic positioning and engagement of stakeholders, while also bringing strong rigor and an entrepreneurial mindset to the role,” CEO Bill Winters said in a press release. —Luca Ventura
Swiss private bank Julius Baer appointed Peter Burrill as CFO and member of the Executive Board, effective August 17, subject to regulatory approval. He joins from Standard Chartered, where he was interim group CFO for nine years. Before that, Burrill spent nearly four years at Deutsche Bank as group controller and co-head of group finance, He succeeds Evie Kostakis after a top management shake-up.
“We are delighted to welcome Pete to Julius Baer,” Bollinger said in a press release. “He brings profound depth and breadth of financial expertise, having led the full range of finance and regulatory functions. With extensive international experience across our core markets and working at a bank strongly focused on wealth management, he will be an outstanding addition to our team.” —LV