Barclays : appoints seven bankers to new Global Chairman of Banking role

Barclays today announces the establishment of a new position of Global Chairman of Banking, and the Global Chairman's Group within the Corporate & Investment Bank.

The Group, led by Alex Lynch, Global Chairman of Banking, will bring together Barclays' most senior and experienced investment bankers in the new role focused on driving client relationships, commercial opportunities, and revenue growth across all of the bank's business lines and regions. The Group will focus on growing CEO and Board-level relationships, and on delivering strategic, value-added advice and services, particularly across M&A and ECM.

Each Global Chairman who is promoted to this role will be embedded in the appropriate industry / product group or region most closely aligned with the individual's area of expertise, experience, and client relationships. The following senior Banking colleagues have today been promoted to the role of Global Chairman of Banking:

• Richard Casavechia
• Kurt Kohlmeyer
• Brett Pickett
• Grant Porter
• Richard Siegel
• Iain Smedley
• Mark Zanoli

'The role of Global Chairman of Banking is one reserved for Barclays' most experienced and senior investment bankers, each of whom has earned the trust and valued respect of clients as well as colleagues across the firm,' comments Paul Compton, Global Head of Banking, and Co-President of Barclays Bank PLC.

The Group will also serve an important role in further enhancing the training and development of Barclays' next generation of leaders, enhancing and role-modeling the banks' culture while driving the high standards of excellence and best practices required within a high performance culture.

A new committee - comprising members of the Corporate & Investment Bank Management Team - has evaluated each of the bankers promoted to this role, and will similarly evaluate all future candidates. Specific criteria were developed for the selection process.

'We seek to deliver extraordinary outcomes for our clients through our full service, global investment banking model, and the full power of the Barclays' franchise,' adds Alex Lynch, Global Chairman of Banking, and Chair of the Global Chairman's Group. 'We know that the Global Chairman's Group will further accelerate our progress by enhancing our ability to leverage the entire organisation for our clients, lead with best-in-class strategic content and advice, bring together our CIB commercial imperatives, and enhance our focus on colleague development.'