Barclays Names New Chairman

Barclays announced that John McFarlane will retire as Chairman of Barclays in May 2019, and that Nigel Higgins has been appointed to succeed him, subject to regulatory approval by the Prudential Regulation Authority and the Financial Conduct Authority. Mr. McFarlane will step down as a Non-Executive Director and as Chairman of Barclays with the conclusion of the Barclays AGM on May 1, 2019, at which point Mr. Higgins will assume the role of Chairman, having joined the Board as a Non-Executive Director on March 1, 2019. Mr. Higgins is currently Deputy Chairman of Rothschild & Co., having been Managing Partner and co-chairman of the group’s Executive Committee since September 1^st this year.