Barclays appoints new chairman
August 10 , 2012
Barclays has appointed Sir David Walker as its new chairman in the wake of the Libor rate-rigging scandal.
Sir David is a senior banker who led a 2009 government inquiry into how banks are run.
He will become a non-executive director on September 1 and take up his post as chairman from November.
Chairman Marcus Agius said he would resign after Barclays was fined for attempting to manipulate the Libor inter-bank lending rate.
Barclays is also currently without a chief executive after Bob Diamond also quit in July.
Barclays was fined £$450 million by UK and U.S. financial regulators in June after it was revealed that some of its derivatives traders had attempted to rig the rate.