Barclays has announced the appointment of former White House and Treasury lawyer Bob Hoyt as group general counsel, completing chief executive Antony Jenkin's executive team to deliver the bank's "Transform" programme.
Hoyt will succeed Mark Harding, who announced his intention to retire in February.
He joins from PNC Financial Services, where he is currently general counsel and chief regulatory affairs officer. Prior to joining PNC in 2009, Hoyt held senior roles in the US public sector, including general counsel at the Treasury and special assistant and associate counsel at the White House.
Barclays chief executive Antony Jenkins said he was “delighted” to welcome Hoyt to the group.
His breadth of experience, having worked at senior levels in both industry and Government, means he is exceptionally well prepared to take on the challenge of leading our legal function and contributing as a member of the Executive Committee of Barclays.
Banking is a highly regulated industry, the legal matters we face are myriad and complex, and it was important that we recruited a strong leader to succeed Mark, to continue the development of a world-class function to help us manage these challenges. In Bob we believe we have found such a leader.
His appointment also completes my new Executive Team, the team who will deliver our Transform programme and drive us towards our goal of becoming the 'Go-To' bank.
Finally, I want to pay tribute to the contribution which Mark Harding has made during his decade in the role as General Counsel. I thank him for his support, unfailingly sage advice and hard work. We wish him well in his retirement.
I am looking forward to taking up my new post leading Barclays’ legal function and playing my part in Antony’s leadership team. This is an important period for Barclays as it works toward its goal of becoming the ‘Go-To’ bank. I have no doubt there will be many challenges, and opportunities, ahead and I am excited at the prospect of working with my new colleagues in London and around the world.