A shareholder in Barclays PLC criticized activist investor Edward Bramson over his calls to downsize the markets division of the British lender's investment bank, The Sunday Times reported Nov. 11.
James Lowen, the manager of the JO Hambro U.K. Equity Income fund that has a stake of less than 1% in the bank, said Bramson's demand has come at a questionable time given that Barclays' investment banking returns are improving.
He said the strategy amounted to "snatching defeat from the potential jaws of victory."
Barclays CEO Jes Staley and outgoing chairman John McFarlane are set to meet Bramson this week.
