Stuart Grostern

Experience

• 

  Morgan Stanley

  Jan 1993 - Jun 2005

  - Devising strategy for, attracting senior sponsorship for and driving build and delivery of sub-ledger renovation programme as part of a global team across Operations and Technology- Managing the portfolio of Finance change programmes- Structuring programme, defining key needs and driving delivery of global Euro conversion programme across all elements of Finance and product control- Hiring, managing and improving performance of core fixed income product control team- Run and rebuild product control capabilities Show less

  • Executive Director

    Apr 1993 - Jun 2005

  • Executive Director

    Jan 1993 - Jan 2005
• 

  Barclays Investment Bank

  Aug 2005 - Sept 2011

  Managing DirectorResponsible for running the office of the Corporate and Investment Bank COOs office• Lead the establishment of an infrastructure-wide approach to prioritise Technology spend• Established a central Infrastructure priority projects office, to provide project governance and reporting covering project initiation and status reporting• Coordinated cross-IB cost savings programme (Project Green)• Supported significant merger of Corporate and Investment Bank infrastructure, and offshoring programme to drive material savings of £400m+• Lead the establishment of an infrastructure-wide approach to prioritise Technology spend• Established a central Infrastructure priority projects office, to provide project governance and reporting covering project initiation and status reporting• Coordinated cross-IB cost savings programme (Project Green)• Supported significant merger of Corporate and Investment Bank infrastructure, and offshoring programme to drive material savings of £400m+ Show less Joined as Director, EM Rates and FX Trading COO to help build EM into a top tier global emerging markets trading, sales and structuring business, working for the global head of Emerging Markets and Commodities Trading.Managing Director Dec 2009Given responsibility for Commodities Trading January 2009Integrated the global EM Credit businesses in 2007 as part of creating a full scale EM trading businessBusiness was operated from 3 main hubs in London, New York and Singapore with local operations in Sao Paolo, Mexico City, Tel Aviv, Moscow, Dubai, Karachi, Mumbai, Bangkok, Seoul, Taiwan, Shanghai and Tokyo.Responsible for:- Definition of global EM ambition and strategy- Defining and overseeing the EM trading Technology strategy- Defining the EM Trading, Sales and Structuring country strategy- Building busienss case, support for and driving build of key locations such as Moscow, Israel, and Middle East- Managing revenue, balance sheet, RWA and cost budgets for global businesses- Ensuring the growth and smooth operations of all locations including acting as trouble-shooter as needed- Running global licence applications for new trading/sales locations as required- Overseeing Corporate Bank joint venture on FX and derivative sales• Drove the integration and restructuring of EM Rates and Credit trading businesses into a single trading organisation within three months of announcement• Key sponsor and oversight responsibility for IT strategy Show less

  • Chief of Staff to global Chief Operation Officer, Corporate and Investment Bank

    Oct 2010 - Sept 2011

  • MD, COO, Emerging Markets and Commodities Trading

    Aug 2005 - Sept 2010
• 

  Barclays

  Oct 2011 - Dec 2015

  MD, Treasury COO and Chief of Staff incl Head of Change, Operations and Technology

  Responsible for the strategy and execution of the ‘One Treasury’ organization, combining the various Treasury organizations from across Barclays businesses and group centre into a single organization. As COO, reshaped and drove the strategic change capability across Operations, Technology and Change. Reported to the Barclays Treasurer.Formed and executed Treasury organisational restructuring strategy and built the target operating model for ‘One Treasury. Initiated, sponsored and ran the dedicated Treasury architecture and change organisation including restructuring the overall project portfolio, gaining sponsorship for additional funding for critical strategic and regulatory projects and driving delivery of key projects.Acted as executive sponsor for major strategic build programmes, including delivering QRM for firm-wide balance sheet management, defined and mobilised strategic liquidity reporting and risk management rebuild, building an intraday liquidity capability and the rebuild of Barclays transfer pricing technologyRestructured the senior Treasury leadership team, leading hiring of several members and involved in Treasury compensation setting for several yearSupported the set up of the Treasury Investment Function including overseeing the hiring, team setup and technology buildInitiated and led cultural transformation work over 2.5 year period focused on building depth in leadership capability and partnership across and beyond TreasuryManaged the Treasury ALM risk management team on an interim basis (for 12 months, 2014-15)Ran and coordinated Barclays’ Funding for Lending Scheme (FLS) participation from the outset including the coordination across businesses for projected lending projections, drawdown of funding from the Bank of England and interfacing with BoE FLS staff on reporting of bank statisticsRan Barclays-wide review of readiness to operate in a negative rates environment for all businesses, on behalf of the Barclays Operating Committee Show less

• 

  Barclays Investment Bank

  Jan 2016 - Jul 2016

  MD, Barclays Investment Bank Operations and Technology, IT and Data Strategy Program Lead

  Lead the delivery of the Investment Bank’s IT and Data strategy which was a long running outstanding need from our lead regulators in the US and UK. The role included the set up, mobilisation and orchestration of the program to define and document the IT, process and data strategy and a multi-year plan across Barclays IB, Treasury, Group functions and infrastructure. The end deliverables included a multi-hundred page document and plan, and presentation of the strategy and plan to our lead regulators in the UK and US. The effort required the bringing together of dozens of senior stakeholders across the IB, the Group functions and technology to build a holistic strategy. It required regular briefings to senior Barclays Group management (e.g. CEO, COO) and Board members on program direction and status to ensure all bank-wide senior stakeholders were appropriately informed of the plan and progress. I ran a weekly senior steering committee to direct and oversee the strategy and planning work throughout the period. The final piece of work was to build and set up the program and oversight structure to oversee the execution of the strategy, handing it over to a program director. Show less

• 

  Barclays International

  Jul 2016 - Mar 2018

  Responsible for setting up the Barclays International (BI is Barclays non-Ringfenced bank) COO function, and a number of firm-wide functions, reporting to the BI COO. Responsibilities include:• Setting up and running the Business Performance central team, and supporting transfer of accountabilities to the BI COO including setting up management team, regular governance and risk and control functions• Head of Business Performance (business management) for the COO function across Operations, Technology and central/chief of staff• Responsible for Cost management, ensuring that the Corporate and Investment Bank medium term plans (2017+) were created, explained and landed with Group CFO and Group COO approval• Responsible for Cost savings initiatives to ensure accountability for savings embedded in 2016 outlook as well as 2017 budget• BI Information Risk and Resilience teams including ensuring all risk mitigation initiatives are completed and risks managed• Overseeing the BI Structural Reform project team (caretaking role)• Market data, Telecoms and Business Information Services procurement and management team• Overall, 160 direct team members, additional 180 within wider business management (matrix reporting line) Show less

  • MD, COO Projects

    Jan 2017 - Mar 2018

  • MD, Head of Business Performance, Cost and Corporate Functions

    Jul 2016 - Dec 2016
• 

  Citadel London

  Jun 2018 - Aug 2019

  COO, Fixed Income London
• 

  Self-Employed

  Aug 2018 - now

  Treasury and FX Consultant, COO and Investor
• 

  ClearBank

  Mar 2023 - Nov 2024

  FX and Treasury consultant

  Product lead for FX, International payments and Treasury, defining longer term product strategy including opportunity analysis, financial business case build and delivery of product outcomes. Contracted to define and structure choice and then procurement of a Treasury management system. Leading the successful implementation and delivery. Product responsibilities involved analysis of strategic acquisition opportunities, business expansion, planning and delivery of quarterly deliverables, participating in client commercial/pricing propositions, efficiency opportunity identification and managing the product cluster teams. Show less