UPDATE 1-Barclays picks Rothschild veteran Nigel Higgins as next chairman - Sky News [Reuters (UK)]
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Source: Reuters
Barclays picks Rothschild veteran Nigel Higgins as next chairman: Sky News | Reuters 2 Min Read (Reuters) - Barclays Plc ( BARC.L ) has picked Nigel Higgins, the deputy chairman of Rothschild & Co ( ROTH.PA ), as the company’s next chairman, Sky News reported on Thursday. Higgins has been chosen to succeed John McFarlane, the current chairman, and is in advanced talks with Barclays, Sky News reported. bit.ly/2EXjPFR The Rothschild veteran is expected to take over as chairman of Barclays after the 2019 annual general meeting, the report said, adding that the exact timing is unclear. Regulators are said to have been informed about the board’s decision, said Sky News. Activist fund Sherborne Investors ( SIGC.L ), which has a 5.4 percent stake in the bank, was in talks with the lender earlier this year about replacing McFarlane as part of a plan to overhaul the British bank. McFarlane is a financial services industry veteran who has been chairman of Barclays since 2015. The 71-year
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