Barclays : appoints Group Chief Risk Officer

Barclays has appointed Taalib Shaah as Group Chief Risk Officer, subject to regulatory approvals. Mr Shaah will join the Executive Committee of Barclays, reporting to Group Chief Executive, Jes Staley, and he will assume his new role on the 5^th of October 2020.

Mr Shaah is currently the Chief Risk Officer for Barclays International, which encompasses the Corporate & Investment Bank, as well as the Group's international cards and payments business. He joined Barclays in the role of CRO for the Investment Bank, Non-Core, and Treasury in 2014.

Prior to then Mr Shaah was at Citigroup, where he was CRO for Market Risk, Real Estate & Treasury and Head of Model Validation. Before joining Citigroup in 2010, he held a number of senior risk positions at Credit Suisse, including the roles of Strategic Risk Manager covering Emerging Markets, Structured Credit and Commodities, Global Head of Market Risk, Global Head of Equities Risk, and Regional Head of Market Risk for the Americas.

Announcing the appointment, Group CEO Jes Staley said:

'Taalib has a long and well-established track record of helping to prudently define and manage risk appetite in large complex financial institutions, including at Barclays. I am delighted that we are able to promote such a talented and experienced professional from within our own ranks to this critically important role.'

ENDS

Notes to editors

1) Mr Shaah succeeds C.S. Venkatakrishnan as Barclays Group CRO, with Mr Venkatakrishnan moving to take on a new Group ExCo level remit with the bank.

About Barclays

Barclays is a British universal bank. We are diversified by business, by different types of customer and client, and geography. Our businesses include consumer banking and payments operations around the world, as well as a top-tier, full service, global corporate and investment bank, all of which are supported by our service company which provides technology, operations and functional services across the Group.