English | دری

Barclays appoints new CEO

in International Business

Barclays appoints new CEO

Barclays has appointed Antony Jenkins to be its new chief executive, following the resignation of Bob Diamond in the wake of the Libor interest rate-fixing scandal.

Mr Jenkins is currently in charge of Barclays Retail and Business Banking and has been a member of the the group’s executive committee since 2009.

The announcement is made just as the bank has been hit by more bad news.

Barclays disclosed on Wednesday that Britain’s Serious Fraud Office was investigating the bank in relation to events in 2008, when Barclays was raising money from Middle Eastern investors in the height of the global financial crisis.

Mr Jenkins made a statement saying he was “very proud to have been asked to lead Barclays”, and admitted the bank has made serious mistakes in recent years but now has an opportunity to restore its reputation.

Mr Jenkins will start on a basic salary of £1.1m, with a potential annual bonus worth up to 250% of his salary subject to performance.

In addition to this, he may also be eligible for a long-term incentive bonus worth a maximum of 400% of his salary.

Related Articles

“Spain does not need a bailout at all”

Rumors have it that Spain will very soon ask for a bailout, as it seems unable to get itself out

Germany’s Audi buys Italian motorcycle firm Ducati

Volkswagen’s Audi arm has bought Italian motorcycle firm Ducati for an undisclosed sum. The 20-member supervisory board of Europe’s largest

Officials Consider Cull as Chinese Car Industry Reaching Crisis Point

The automobile industry was once hailed as one of China’s greatest success stories. In less than a decade, China became

No comments

Write a comment
No Comments Yet! You can be first to comment this post!

Write a Comment

Your e-mail address will not be published.
Required fields are marked*

Time limit is exhausted. Please reload the CAPTCHA.