Barclays appoints Antony Jenkins as new Group Chief Executive
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Barclays appoints Antony Jenkins as new Group Chief Executive

Last Updated: Thursday, August 30, 2012, 17:08
 
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Barclays appoints Antony Jenkins as new Group Chief Executive
London: British banking major Barclays Plc, which was hit by the interest rate manipulation scandal, on Thursday appointed Antony Jenkins as its new Group Chief Executive.

Jenkins replaces Barclays former chief executive officer Bob Diamond who resigned following the scandal.

"Barclays PLC and Barclays Bank PLC announce that Antony Jenkins has been appointed as a Director and as Group Chief Executive of Barclays with immediate effect," Barclays group said in a statement.

Jenkins currently leads Barclays Retail and Business Banking (RBB) business. He has been a member of the Group Executive Committee of Barclays since 2009.

Barclays has made "serious mistakes in recent years and clearly failed to keep pace with our stakeholders' expectations", Jenkins said.

Last month, the British bank was slapped with 290 million pound (USD 451 million) fine by the US and the UK authorities to settle the charges of manipulating global benchmark lending rates like Libor, and Euribor, which influence many other interest rates.

"We have an obligation to all of those stakeholders customers, clients, shareholders, colleagues and broader society ? and a unique opportunity to restore Barclays reputation by making it the "go to" bank in all of our chosen markets," Jenkins said.

"That journey will take time, we have much to do, and I look forward to getting started immediately," he added.

Meanwhile, Barclays has recently brought in David Walker to succeed Marcus Agius as Chairman in November.

"With the appointment of Sir David Walker to succeed me as Chairman in November, and of Antony as Chief Executive on Thursday, I am pleased that the new leadership of the bank is settled," Agius said.

PTI



First Published: Thursday, August 30, 2012, 12:34


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