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United Kingdom : NEW CEO at BARCLAYS BANK.

Barclays Bank has named Antony Jenkins as its new CEO.

Anthony Jenkins succeeds Bob Diamond as Chief Executive of Barclays Bank. Mr. Diamond was forced out of his role in July when the Libor fixing scandal erupted.

Until today, Mr. Jenkins had worked as the head of retail and business banking.

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, said the new head of the beleaguered bank.

Barclays was forced to shell out 290 million pounds to UK and US regulators for directing Libor and interbank lending rate which affects mortgages and loans.

The appointment of Anthony Jenkins signals a change of direction for the bank accused of its casino investment banking culture.

2012 Al Bawaba (Albawaba.com)

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Publication:Mena Report
Date:Sep 3, 2012
Words:155
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