Roger Allan Jenkins is a British financier and former professional athlete.
He worked for Barclays from 1994 to 2009 in a variety of capacities, including as executive chairman of investment banking and investment management for the Middle East starting in April 2008 and chief executive of Barclays Capital’s private equity group.
He was instrumental in helping Barclays Group raise more than 9 billion pounds in funding between June and October 2008 from sources like the Qatar Investment Authority and Sheikh Hamad bin Jassim bin Jaber Al Thani.
In the summer of 2009, he departed Barclays. From 2011 to 2013, he served on the management and investment committees of the Brazilian investment firm BTG Pactual.
Roger Jenkins’s Early Life
Roger Allan Jenkins, a British financier, and former professional athlete were born on September 30, 1955.
Jenkins, the son of an oil refinery manager, was born in England. He attended Edinburgh Academy and graduated with honors from Heriot-Watt University‘s economics program.
He earned his Diploma in Financial Studies from the Chartered Institute of Bankers (ACIB), where he was also an Associate.
He was a skilled sprinter in his youth, competing for Scotland and Great Britain from 1973 to 1978, and he won multiple international races as well as the European Championships in 1974 and the Commonwealth Games in 1978.
At the World Student Games in Rome in 1975, he took home a silver medal in the 400m.
In the book, A Life In A Day In A Year by Peter Hoffmann, which details their athletics training at Meadowbank Sports Centre, Edinburgh, and their racing careers between 1973 and 1978, both Roger and his brother David play significant roles.
Roger Jenkins’s Personal Life
In 1980, Jenkins wed Catherine McDowell, a Barclays banker, and they had a daughter. In 1999, he wed Sanela Dijana ati, whom he had met in the Barbican gym while living there with Roger Jenkins following the dissolution of his first union.
Diana was born in Bosnia, but during the Bosnian War, she moved from Sarajevo to London. They have two youngsters.
Their marriage had “a natural end” in 2009, it was revealed in 2011, and they filed for divorce together in late 2011.
Jenkins announced his engagement to Larissa Andrade in February 2018. She is a Brazilian model and actress who lives in Los Angeles and is 29 years his junior. On August 11, 2018, they were married in Txai, Bahia, Brazil, and got divorced in December 2021.
In 2019, Jenkins relocated back to the UK.
Roger Jenkins’s Early Career
Jenkins joined Barclays as a graduate trainee in 1978 after graduating in 1977 and temporarily working at BP. He oversaw private placements at Barclays de Zoete Wedd (BZW), the investment banking arm of Barclays, in New York City from 1982 to 1984.
He left in 1987 to join Kleinwort Benson as a director and co-head of financial markets, where he worked for seven years. In order to start a team that provided corporations with tax and regulatory management advice, he returned to Barclays in 1994.
Roger Jenkins’s Barclays Project
While employed by Barclays, Roger held a variety of positions, including those of Executive Chairman of Middle Eastern Investment Banking and Investment Management as well as Chief Executive of Barclays Capital’s Private Equity Group.
He assisted in arranging the Qatari and Abu Dhabi royal families’ 7.3 billion pound investment in Barclays in 2008.
Roger Jenkins’s Wall Street Journal Investigation
According to a 2006 Wall Street Journal investigation, Jenkins and his team established Augustus Funding LLC in 2003.
This business was co-owned by Barclays and the US bank Wachovia and was incorporated in Delaware but also had a London address and British directors.
Despite having no personnel, goods, or clients, the company generated pretax profits of $317 million in 2004 from investments in U.S. Treasury bonds and Danish mortgage securities, for which it paid $94 million in UK taxes.
The Wall Street Journal claims that Barclays and Wachovia were both able to claim credit for full payment of the tax due to “elaborate structure and cash flows,” meaning that the $94 million could be claimed twice.
According to the research, Barclays set up at least nine arrangements involving US institutions, including Augustus Funding.
The report of the transactions was deemed “materially erroneous” by Barclays, while Wachovia claimed in a statement that they had “complied with all applicable rules and regulations.”
Roger Jenkins’s Kleinwort Benson Project
He left the company three years later and spent seven years working for Kleinwort Benson after joining. He made the decision to return to Barclays in 1994. He departed Barclays once more in 2009.
He joined BTG Pactual in October 2011 and served as a managing partner there. Additionally, he participates in the bank’s global management and investment committees.
In August 2009, Jenkins left Barclays. While creating his own advisory company, Elkstone, based on his contacts in the Middle East, he continued to serve as a consultant for the bank.
Jenkins established Elkstone Capital, an advising firm in Dublin, in February 2010 to take advantage of opportunities presented by the Irish financial crisis.
Jenkins joined BTG Pactual as a managing partner in October 2011, and the bank’s global management and investment committees welcomed him.
He contributed money to a fund in 2016 to buy a Northern California cannabis cultivation facility; the ownership of that business was later sold.
Roger Jenkins Net Worth
Roger Jenkins has a net worth of $100 million and is a financier from the United Kingdom. Roger made almost $60 million while working at Barclays between 2005 and 2009. He was London’s highest-paid banker at the time. From 1994 through 2009, he was employed by Barclays.
In 2009, Jenkins left Barclays. In 2010, he founded the consulting business Elkstone Capital. He joined the management and investment committees of the Brazilian bank BTG Pactual in 2011.
Two of Roger Jenkins’ previous marriages ended in divorce. He wed Catherine McDowell, a Barclays banker, and financier, in his first marriage. He wed Sanela Diana “ati” in 1999, but the two separated in 2011. He was said to be dating Australian model Elle Macpherson at the beginning of 2012.