Antony Jenkins is a British business leader known for his tenure as CEO of Barclays and his role in shaping the future of financial technology. After rising through the ranks in traditional banking, he shifted his focus to fintech by founding 10x Future Technologies, a company aimed at transforming banking infrastructure. His career reflects a blend of corporate leadership, ethical banking advocacy, and innovation in financial services.
Early Life and Education
Born on July 11, 1961, in Blackburn, England, Jenkins spent his early years in Stoke-on-Trent, where he attended Malbank School and Sixth Form College. His academic excellence led him to University College, Oxford, where he studied Philosophy, Politics, and Economics (PPE), graduating in 1982. Seeking further expertise in business, he earned an MBA from Cranfield School of Management in 1988.
Early Career in Banking
Jenkins began his career at Barclays in 1983 as a graduate trainee. He later moved to Citigroup, where he was responsible for leading the company’s branded credit card business. His work at Citigroup positioned him as an expert in consumer banking and financial products, setting the stage for his return to Barclays.
In 2006, he rejoined Barclays as the head of Barclaycard, its credit card and payment division. Under his leadership, the division expanded and innovated, cementing his reputation as a strong executive.
Leadership at Barclays
Jenkins was appointed CEO of Barclays in 2012, following the LIBOR scandal, which severely damaged the bank’s reputation. His leadership was marked by a push for ethical banking, cost-cutting, and cultural transformation. He attempted to rebuild trust by focusing on transparency and declined his bonus in 2013 as part of his commitment to reform.
Dismissal from Barclays
Despite his efforts to improve Barclays’ image and streamline operations, Jenkins clashed with the board over the pace of cost-cutting and the size of the investment banking division. On July 8, 2015, he was dismissed from his position, with Barclays’ leadership stating that a “new set of skills” was needed.
Transition to Fintech and 10x Future Technologies
Rather than returning to traditional banking, Jenkins pivoted to financial technology (fintech). In 2016, he founded 10x Future Technologies, a London-based fintech company aiming to modernize banking infrastructure through cloud-based platforms and artificial intelligence. The company has gained significant traction, partnering with major financial institutions to streamline operations.
Service and Leadership Roles
Jenkins has served in various advisory and leadership roles, including:
- Board member of Visa Europe (2008–2011)
- Steering group member of the Big Innovation Centre
- Patron for Government Employee Engagement
- One Young World Counsellor, advocating for responsible capitalism at summits worldwide
Role in Education and Apprenticeships
In 2016, he was appointed shadow chair of the Institute for Apprenticeships and Technical Education, playing a crucial role in vocational training and workforce development in the UK. This position allowed him to bridge the gap between education and industry, ensuring that young professionals receive relevant training.
Awards and Recognition
Jenkins was appointed Commander of the Order of the British Empire (CBE) in 2021 for his contributions to business and education. This honor acknowledged his role in shaping the future of banking and supporting vocational education.
Net Worth
While exact figures are private, reports suggest that Jenkins’ net worth significantly increased following substantial investments in 10x Banking. In 2021, the company was valued at over £500 million after a funding round led by BlackRock
Antony Jenkins’ net worth is not publicly available, but he is the founder, chair, and CEO of 10x Banking. 10x Banking’s mission is to change how banks operate and engage with customers.
Personal Life and Interests
Jenkins met his wife, Amanda Benson, during his university years, and they married in 1984. The couple has two children. Outside of his professional life, Jenkins is an avid music enthusiast, enjoying rock, jazz, and classical music.
Conclusion
Antony Jenkins’ career has spanned traditional banking, fintech, and education reform. From leading Barclays to launching 10x Future Technologies, his journey showcases a commitment to innovation, ethical leadership, and financial transformation. As fintech continues to evolve, Jenkins remains a key figure in shaping the future of financial services.
Frequently Asked Questions
What is Antony Jenkins known for?
He is best known as the former CEO of Barclays and the founder of fintech company 10x Future Technologies.
Why was Antony Jenkins fired from Barclays?
He was dismissed in 2015 due to disagreements over investment banking strategy and cost-cutting measures.
What is 10x Future Technologies?
It is a fintech company founded by Jenkins in 2016, aimed at revolutionizing banking infrastructure.
Has Antony Jenkins received any awards?
Yes, he was appointed CBE in 2021 for his services to business and education.
