Barclays looks to bring fresh talent to board

Tim Wallace
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BARCLAYS is planning a gradual realignment of its board in the coming months, with some of the longer-serving members preparing to make way for fresh blood.

The bank has no set limit or target size for the board and chairman Sir David Walker is known to be on the lookout for new talent.

The bank is shifting its focus towards retail banking and away from the investment arm built up by ex-chief executive Bob Diamond.

But investment boss Rich Ricci is unlikely to leave, as chief Antony Jenkins has backed him openly.

Barclays declined to comment.

But a source close to the bank said some directors who have served the longest may be the next to leave.

“Looking back at appointments over the last decade, some of the directors have been around for a while, so you might expect they are ready to move on to their next challenge,” the source said.

Although no names have been openly floated, National Audit Office boss Sir Andrew Likierman was appointed in 2004, while former Cadbury chairman Sir John Sunderland was appointed as a non-executive in 2005 and Enel SpA chief Fulvio Conti joined in 2006.