Kheradpir Bolts Barclays for Juniper; Barclays CCO Sants Steps Down

Kheradpir has been with Barclays since January 2011 after serving an 11-year stint at Verizon, where he was the CTO and chief information officer.

"Juniper Networks delivers innovations that are transforming the way people interact, conduct business, and connect as a global community," said Kheradpir in a release. "I am honored to lead this visionary organization and look forward to working with this group of dedicated and talented professionals to drive the next phase of the company's growth."

Darryl West will replace Kheradpir as the interim chief operations & technology officer at Barclays. He is currently the bank's CIO and joined Barclays earlier this month after leaving Lloyds Banking Group, where he had served since 2005, most recently as CIO.

"Shaygan has made a huge contribution to our innovation and technology agenda and the elements of transform which his team are delivering have real momentum," stated Barclays CEO Antony Jenkins in a release. "He has infused his colleagues in operations and technology with a spirit of creative thinking and exploration which Barclays will continue to benefit from long after he has moved on."

Sants Resigns
Additionally, Barclays will have to find a new chief compliance officer as the bank also announced that Hector Sants, who has been the compliance chief for 10 months, was stepping down.

Sants has been on sick leave since last month because he was "suffering from stress and exhaustion," according to Barclays.

Allen Meyer, head of compliance for corporate and investment banking, will act as interim head of compliance and government and regulatory relations.