(Updates with company remarks, other details throughout.)
Barclays (BCS) is scaling back its staffing diversity goals in the US while continuing those efforts in other countries, the company said on Tuesday.
A Barclays spokesperson told MT Newswires via email that while the UK-based financial services company is no longer pursuing specific goals for diversity, equality and inclusion at its operations in the US, "our representation ambitions for the rest of the group will continue."
A Bloomberg report earlier Tuesday quoted Barclays CEO CS Venkatakrishnan as saying in a company memo that the revisions reflect changing US policies, although the memo did not directly address a Jan. 20 executive order by President Donald Trump barring companies with active DEI programs from receiving federal contracts.
"As a global organization, we have always complied with the local requirements in the jurisdictions in which we have operated," Venkatakrishnan said, later adding the company's DEI team is being renamed Group Inclusion and Opportunity.
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