Barclays boss Venkat to undergo cancer treatment in New York | business news

The chief executive of Barclays has been diagnosed with cancer, the bank said.

Coimbatore Sundararajan Venkatakrishnan, known as Venkat within the bank, will be treated for non-Hodgkin’s lymphoma in New York.

This is expected to last 12 to 16 weeks, during which time he will be working from home for a period of time.

In a letter, Mr Venkatakrishnan, 56, said his condition was curable and doctors said his prognosis was “very good”.

“In the interim, the company will operate as normal and I will continue to be actively involved in its management,” he wrote.

“The good news is that the problem was caught early and scans and biopsies confirmed it was very localized.”

A spokesman for the bank confirmed that the bank has not appointed any interim chief executive.

According to the NHS website, non-Hodgkin lymphoma is a cancer that develops in the lymphatic system and weakens the immune system, but most cases are considered “very treatable”.

American Mr Venkatakrishnan was appointed to the post more than a year ago Jes Staley left suddenly.

He was previously the bank’s head of global markets.

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