Barclays’ success in luring Jonathan Moulds back to the banking front line two years after the well-regarded executive left Bank of America Merrill Lynch to focus on his many philanthropic pursuits can be taken as another sign that times have changed at the UK bank under Antony Jenkins.

Since taking charge of the beleaguered UK banking group in 2012 after previous chief executive Bob Diamond exited in the wake of the Libor scandal, Jenkins has been on a mission to transform Barclays' business and repair its reputation.