In mid-October, I noted here that Sir Hector Sants, Barclays' head of compliance and regulatory relations, had decided to take a three month leave of absence after being diagnosed as suffering from “exhaustion and stress.” Sants was expected to return to his position with Barclays in early 2014, but the firm announced today that Sants has instead elected to resign.

The firm stated that Sants has "concluded that he will not be able to return to work in the near term. Consequently he has decided to resign from Barclays and not return from sick leave." Allen Meyer, Head of Compliance, Corporate and Investment Banking will act as Interim Head of Compliance and Government and Regulatory Relations while Barclays searches for someone to replace Sants.

Antony Jenkins, Group Chief Executive of Barclays, wished Sants a speedy recovery and commended him on the progress he helped Barclays make "towards creating a world class compliance function at Barclays and in improving our relationships with Regulators and Governments."

All of which further proves what this blog's readers already know: Compliance ain't easy.

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