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Barclays Plc
National Commercial Banks United Kingdom
OTC Bulletin Board: BCLYF | London Stock Exchange: BARC | Frankfurt Stock Exchange: BCY
Company Description
Barclays Plc is a global financial services provider. The company is engaged in the provision of retail banking, credit cards, corporate and investment banking and wealth management with an international presence in Europe, the Americas, Africa and Asia. Barclays operates through two groups: Retail and Business Banking, and Corporate and Investment Banking and Wealth Management. The Barclays Retail and Business Banking group comprises of four business units: UK Retail Banking, Barclaycard, Barclays Africa and Western Europe Retail Banking. UK Retail Banking is a retail bank which serves UK customers through contact centers, online banking and various branches. It provides a wide range of products and financial services to its customers. Through UK Retail Banking, customers have access to current account and savings products, Woolwich-branded mortgages, unsecured loan and protection products and general insurance. Barclaycard is a multi-brand credit card and consumer lending business which also processes card payments for retailers and merchants, and issues credit and charge cards to corporate customers and the UK government. In the UK, Barclaycard comprises of Barclaycard UK Cards, Barclaycard Partnerships, Barclays Partner Finance and Firstplus. Outside the UK, Barclaycard provides credit cards in the United States, Germany, South Africa and in the Nordic region. Western Europe Retail Banking includes retail banking and Barclaycard operations in Spain, Italy, France and Portugal. Barclays Africa encompasses Barclays Global Retail Banking, Corporate Banking, and Barclaycard operations in 10 countries organized in four geographic areas: North Africa (Egypt), East and West Africa (Ghana, Tanzania, Uganda and Kenya), Southern Africa (Botswana, Zambia and Zimbabwe), and the Indian Ocean (Mauritius and Seychelles). It provides a variety of traditional financial products, including retail mortgages, current and deposit accounts, commercial lending, unsecured lending, credit cards, treasury and investments. In addition, it provides specialist services such as Sharia-compliant products and mobile banking. The Barclays Corporate & Investment Banking and Wealth Management Cluster comprises of three business units: Barclays Capital, Barclays Corporate and Barclays Wealth. Barclays Capital is the investment banking division of Barclays. It provides large corporate, government and institutional clients with a comprehensive set of solutions for their strategic advisory, financing and risk management needs. Barclays Corporate provides banking solutions to organizations. Barclays industry sector specialists offer advice on banking products, support, expertise and services, and customers are offered access to other areas of the Barclays Group which might help meet their investment or business needs, such as Barclaycard, Barclays Wealth and Barclays Capital. Barclays Wealth is a global wealth manager. It focuses on private and intermediary clients worldwide, providing international and private banking, investment management, fiduciary services and brokerage. The company was founded on July 20, 1896 and is headquartered in London, the United Kingdom.
Executives
- Marcus Agius, Chairman
- Marcus’ background in banking began at Lazard where he worked from 1972 to 2006, latterly as Chairman of Lazard in London and Deputy Chairman of Lazard LLC. He was Chairman of BAA plc until 2006 and is currently Senior Independent Director of the British Broadcasting Corporation (BBC) and Chairman of the Trustees of The Royal Botanic Gardens. Marcus is also Chairman of the British Bankers' Association, a Business Ambassador for UK Trade and Investment (UKTI), a member of the Advisory Council of TheCityUK, a member of the Executive Committee of the IIEB and a member of the Takeover Panel. Marcus is Chairman of the Board Corporate Governance and Nominations Committee, a member of the Board Remuneration Committee and Chairman of the Board Citizenship Committee.
- Antony Jenkins, Chief Executive
- Antony is Chief Executive of Barclays. Antony was Chief Executive of Retail and Business Banking and joined the Barclays Executive Committee in November 2009. Prior to that he had been Chief Executive of Barclaycard since January 2006 where he led a revival in the fortunes of the business. Antony is the executive responsible for Diversity and Inclusion at Barclays and in February 2009, he additionally became a Barclays appointed non-executive director of Absa, the South African banking group. Since October 2008, Antony has been on the Board of Visa Europe Ltd. Barclays is where Antony started his career in finance back in 1983, when he completed the Barclays Management Development Programme before going on to hold various roles in retail and corporate banking. He moved to Citigroup in 1989, working in both London and New York. Antony is married and a father of two children.
- Chris Lucas, Group Finance Director
- Chris joined the Board on 1 April 2007. Chris came from professional services company PricewaterhouseCoopers LLP, where he was UK Head of Financial Services and Global Head of Banking and Capital Markets. He was Global Relationship Partner for Barclays for the 1999–2004 financial years and subsequently held similar roles for other global financial services organisations. Chris has worked across financial services for most of his career, including three years in New York as Head of the US Banking Audit Practice of PricewaterhouseCoopers LLP.
- David Booth, Non-Executive Director
- David manages his own venture capital investments, having retired from the Management Committee of Morgan Stanley in 1997. David was employed by Morgan Stanley from 1982 to 1992, and again from 1995 to 1997. He held various key positions there, including Head of Government Bond Trading, Head of Mortgage Trading, Sales and Finance and Head of Global Operations and Technology. David is Chairman of the Board Risk Committee and a member of Board Corporate Governance and Nominations Committee.
- Alison Carnwath, Non-Executive Director
- Alison joined the Board on 1 August 2010. Alison worked in investment banking and corporate finance for 20 years from 1980 to 2000, before pursuing a portfolio career. During her career, Alison became the first female Director of J. Henry Schroder Wagg & Co, where she worked for 10 years. Alison also held the positions of a Senior Partner of Phoenix Securities and Managing Director, New York at Donaldson, Lufkin & Jenrette. Alison has wide board level experience and is currently Non-Executive Chairman of Land Securities Group plc, Senior Independent Director at Man Group plc, Non-Executive Director of Paccar Inc, and Non-Executive Chairman of ISIS EP LLP. Alison is Chairman of the Board Remuneration Committee and a member of the Board Audit Committee and the Corporate Governance and Nominations Committee.
- Fulvio Conti, Non-Executive Director
- Fulvio is currently Chief Executive Officer and General Manager of Enel SpA, the Italian energy group, where he was previously Chief Financial Officer from 1999-2005. Fulvio has held a number of high-level financial roles, including Chief Financial Officer and General Manager of Telecom Italia and General Manager and Chief Financial Officer of Ferrovie dello Stato. He was also head of the accounting, finance, and control department of Montecatini and was in charge of finance at Montedison-Compart. He has held positions in finance and operations in various affiliates of Mobil Oil Corporation in Italy and Europe. Fulvio has been a member of the Board Audit Committee since September 2006.
- Simon Fraser, Non-Executive Director
- Simon has extensive experience of the institutional fund management industry, having worked at Fidelity International from 1981 to 2008, latterly as President of the Investment Solutions Group and President of the Retirement Institute. Simon held a number of positions during his career at Fidelity International, including President, European & UK Institutional Business, Global Chief Investment Officer, Chief Investment Officer for Asia Pacific and Chief Investment Officer of the European Investment Group. Simon remains a director of Fidelity European Values PLC and Fidelity Japanese Values PLC. Simon is a member of the Board Audit Committee and the Board Remuneration Committee.
- Reuben Jeffery III, Non-Executive Director
- Reuben is a Senior Adviser at the Center for Strategic & International Studies in Washington, D.C. and previously served in the US government as Under Secretary of State for Economic, Energy and Agricultural Affairs (2007- 2009). Prior to joining the Department of State, Reuben was the Chairman of the Commodity Futures Trading Commission and before that held a number of positions in US government service. He spent eighteen years at Goldman, Sachs & Co. between 1983-2001 where he was managing partner of Goldman Sachs in Paris and led the firm’s European Financial Institutions Group in London. Reuben is a member of the Board Risk Committee.
- Sir Andrew Likierman, Non-Executive Director
- Sir Andrew is Chairman of the National Audit Office, having held a number of public roles in the financial services sector, including Managing Director, Financial Management, Reporting and Audit and Head of the Government Accountancy Service at HM Treasury and non-executive Director of the Bank of England. Sir Andrew is also Dean of the London Business School. He has been at the London Business School from 1974-1976, 1979-1993 and since 2004. Sir Andrew is a member of the Board Audit Committee and the Board Risk Committee.
- Dambisa Moyo, Non-Executive Director
- Dambisa is currently serving as a Non-executive director on the Boards of SABMiller PLC and Lundin Petroleum. Dambisa has a financial services background. She worked for the World Bank from 1993 to 1995. After completing a PhD in Economics, she worked for Goldman Sachs for eight years until November 2008 in the debt capital markets, hedge funds coverage and global macroeconomics teams. Dambisa is a member of the Board Risk Committee and Board Citizenship Committee.
- Sir Michael Rake, Senior Independent Director
- Sir Michael is currently Chairman of BT Group PLC, Chairman of the UK Commission for Employment and Skills and Chairman of easyJet PLC. Sir Michael previously worked at KPMG from 1974-2007 where he spent a number of years in Continental Europe and the Middle East. He was Senior Partner of the UK firm from 1998-2000 and Chairman of KPMG International from 2002-2007. Sir Michael is Chairman of the Board Audit Committee and a member of both the Board Risk Committee and the Board Corporate Governance and Nominations Committee.
- Sir John Sunderland, Non-Executive Director
- Sir John is Chairman of Merlin Entertainments Limited. Until July 2008 he was Chairman of Cadbury Schweppes PLC, having worked at Cadbury’s in various roles, including that of Chief Executive, since 1968. He is a Director of the Financial Reporting Council, an Adviser to CVC Capital Partners, an Association Member of BUPA and a Governor of both Reading and Aston University Councils. Sir John is a member of the Board Corporate Governance and Nominations Committee, the Board Remuneration Committee and the Board Citizenship Committee.