If you didn’t already know, banking is one of the most handsomely-paid sectors to work in on the planet. Money does rule the world, after all. Since most people who deeply understand finance are the same people who have high incomes and levels of wealth, paying most qualified banking candidates requires employers to really thumb off quite a few C-notes from their respective bankrolls.
As in all other fields, employees with tens of years’ worth of experience get paid far more than their subordinates. Society equates high salaries with people who have internal compasses that lead them in the general direction of success. In simpler terms, money equals success.
Harry Harrison, a man of considerable career accomplishment, is considered successful by virtually everybody’s sense of judgment. Mr. Harrison worked for Barclays Investment Bank, a subsidiary of the world-famous Barclays financial institution, for nearly a quarter-century. Throughout that time, Harry undoubtedly racked up substantial earnings. As a matter of fact, he was paid handsomely when he was first hired by Barclays in September 1989 as an entry-level derivatives trader.
Here’s what Harry Harrison is best known for
Everybody is known for something. Even quiet, uneventful people who largely stick to themselves are known for something, whatever those qualities might be.
Mr. Harrison is unarguably best known for his most recent stint with Barclays, specifically under its subsidiary responsible for the management of risk-weighted assets, Barclays Non-Core, which was founded in 2014 and closed just last year.
Although the offshoot has since folded, Barclays Non-Core was initially responsible for managing some 25 percent of the Barclays Group’s total risk-weighted assets in 2014. Risk-weighted assets require financial institutions to hold minimum levels of capital to cover their owners in the event of their potential devaluation.
Since they’re so risky, only the best banking professionals should be entrusted with their management. This is why Barclays’ top-level executives unanimously named Harry Harrison to the head leadership role of Barclays Non-Core upon its foundation in 2014.
Mr. Harrison’s career was kicked off by attending the University of Cambridge in his pursuit of a master’s of philosophy degree in finance.