Barclays PLC’s (LON:BARC) global head of whistleblowing is reportedly leaving the bank five months after regulators started investigating chief executive Jes Staley for trying to unveil the identity of a whistleblower.
Jonathan Cox, who has been Barclays’ head of whistleblowing for two years, is departing after withdrawing an employment lawsuit against the bank for alleged whistleblowing rule breaches.
READ: Barclays shares drop as it swings to first half loss, sets aside extra £700mln for PPI claims
The case had been due to be heard in the East London Tribunal on 13 September but it is understood an out-of-court settlement has been reached with Barclays that would prevent either side from disclosing information about the agreement, sources told the Financial Times.
The source told the newspaper that Cox, a former police detective inspector, was still at the bank but plans to leave soon.
Barclays has declined to comment and Cox did not respond to a request for comment.
The news comes as Staley is being investigated by the UK’s two main financial regulators for trying to unmask the author of an anonymous letter raising concerns about a senior employee in 2016.
Staley was questioned again last week by officials from the Financial Conduct Authority and Prudential Regulation Authority following an earlier interview in July, according to Sky News.
The regulators are aiming to wrap up their investigations later this year.
READ: Barclays CEO Jes Staley apologises to shareholders for whistleblowing scandal
Staley, who has apologised for his efforts to uncover the whistleblower, has been under investigation since April.
Barclays has resisted calls to fire Staley over what chairman John McFarlane described as an “honest” mistake and instead cut his bonus as punishment.
Shares in Barclays fell 1.82% to 186.35p in afternoon trading.