High-ranking D.C. finance official is being ousted

UPDATE 2-Barclays poaches JP Morgan’s Morzaria as new finance chief

Pompa (D.C. government photo) A veteran official in the Districts finance office is being forced out by Chief Financial Officer Natwar M. Gandhi, according to two officials with knowledge of the matter. Anthony F.

JP Morgan praised Morzaria’s “analytical ability, combined with his calm, steady demeanour” and said it would appoint his successor in the coming days. The move ends Barclays’ lengthy search for a finance director, after it said in February that Chris Lucas would step down after six years in the role. Morzaria, 44, will be paid a salary of 800,000 pounds and can earn an annual bonus of up to 2 million pounds and a long-term share award of up to 3.2 million. The long-term award would only start paying out in five years’ time.

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