UPDATE 3-Barclays picks Rothschild veteran Nigel Higgins as next chairman [Reuters]
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Source: Reuters
Barclays picks Rothschild veteran Nigel Higgins as next chairman | Reuters 3 Min Read (Reuters) - Barclays Plc ( BARC.L ) said on Thursday that Nigel Higgins, the deputy chairman of Rothschild & Co ( ROTH.PA ), would succeed John McFarlane as chairman on May 2 next year when he retires after serving his four-year term. Higgins will join the Barclays Board as a Non-Executive Director on March 1, 2019 and take over as chairman in May after the AGM, the bank said in a statement. “In Nigel Higgins we have found an ideal candidate. He is a hugely respected banker, a strategic thinker, someone with extensive international experience, and he has a strong positive leadership style,” said Crawford Gillies, who led the process to appoint a successor to McFarlane. Barclays, one of Britain’s biggest banks, has been subject to radical transformation in recent years and has faced uncertainty over its leadership, mainly due to regulatory scrutiny of chief executive Jes Staley’s treatment of a wh
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