Barclays PLC (BARC.LN) on Thursday announced the appointment of the majority of the board of its ring-fenced U.K. bank unit, due to begin operations from April 2018.
The bank said that Ashok Vaswani, current chief executive of Barclays UK, will be CEO of the ring-fenced unit. Anna Cross, current chief financial officer of Barclays UK, will be CFO.
Continue Reading Below
Barclays has also named five non-executive directors, Michael Jary, Avid Larizadeh Duggan, Kathryn Matthews, Andrew Ratcliffe and Sir John Timpson. Barclays said the non-executive appointments will take effect from the beginning of 2018, and it intends to add two more non-executives early in the year.
Sir Ian Cheshire has already been appointed as chairman of the ring-fenced unit, which will provide retail banking in the U.K.
Shares are up 0.2% at 194.60 pence at 0959 GMT.
Write to Adam Clark at firstname.lastname@example.org; @AdamDowJones
(END) Dow Jones Newswires
November 30, 2017 05:16 ET (10:16 GMT)