John Kingman named Barclays UK chair
By Abigail Townsend
Date: Monday 23 Jan 2023
(Sharecast News) - Barclays has named John Kingman, a former senior Treasury official, as chair of its UK bank.
Kingman will join the Barclays board in June as chair of Barclays Bank UK, the blue chip's ring-fenced bank, as well as a non-executive director.
He succeeds Crawford Gillies, who along with fellow non-executive director Mike Ashley is retiring after nine years on the board. Ashley, a former KPMG partner and chair of the audit committee, will step down at the annual general meeting in May, while Gillies retires on 31 May.
Julia Wilson, who joined the audit committee in 2021, will take over from Ashley as chair.
Kingman stepped down as chair of Tesco Bank on Sunday, but he will retain the role at Legal & General Group, the blue chip financial services firm.
His career spans both the private and public sector, however, and he was the first chief executive of UK Financial Investments. UKFI was set up in 2008 in the wake of the financial crisis to manage the government's shareholdings in bailed-out banks, including Royal Bank of Scotland, since renamed NatWest Group. UKFI ceased operations in 2018.
Barclays also confirmed that Marc Moses, a former PwC audit partner and previous chief financial officer of JP Morgan Europe, was joining the boards of both Barclays and Barclays Bank as a non-executive director with immediate effect. Moses worked at HSBC from 2005 until he retired in 2019.
Email this article to a friend
or share it with one of these popular networks:
You are here: news
10 Lower Thames St,
London EC3R 6EN