0001140361-19-017281.txt : 20190926 0001140361-19-017281.hdr.sgml : 20190926 20190926135459 ACCESSION NUMBER: 0001140361-19-017281 CONFORMED SUBMISSION TYPE: 6-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20190926 FILED AS OF DATE: 20190926 DATE AS OF CHANGE: 20190926 FILER: COMPANY DATA: COMPANY CONFORMED NAME: BARCLAYS BANK PLC CENTRAL INDEX KEY: 0000312070 STANDARD INDUSTRIAL CLASSIFICATION: COMMERCIAL BANKS, NEC [6029] IRS NUMBER: 000000000 STATE OF INCORPORATION: X0 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 6-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-10257 FILM NUMBER: 191117239 BUSINESS ADDRESS: STREET 1: 1 CHURCHILL PLACE STREET 2: CANARY WHARF CITY: LONDON STATE: X0 ZIP: E14 5HP BUSINESS PHONE: 0044-20-3555-4619 MAIL ADDRESS: STREET 1: 1 CHURCHILL PLACE STREET 2: CANARY WHARF CITY: LONDON STATE: X0 ZIP: E14 5HP FORMER COMPANY: FORMER CONFORMED NAME: BARCLAYS BANK PLC /ENG/ DATE OF NAME CHANGE: 19990402 FORMER COMPANY: FORMER CONFORMED NAME: BARCLAYS BANK INTERNATIONAL LTD DATE OF NAME CHANGE: 19850313 6-K 1 form6k.htm 6-K
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549

FORM 6-K

REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13A-16 OR 15D-16
OF THE SECURITIES EXCHANGE ACT OF 1934

September 26, 2019

Commission File Number: 001-10257

Barclays Bank PLC
(Name of Registrant)

1 Churchill Place
London E14 5HP
England
(Address of Principal Executive Office)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
 
Form 20-F
☒
  
Form 40-F
 ☐

Indicate by check mark whether the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ☐
 
Indicate by check mark whether the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ☐
 
THIS REPORT ON FORM 6-K SHALL BE DEEMED TO BE INCORPORATED BY REFERENCE IN THE REGISTRATION STATEMENTS ON FORM S-8 (NO. 333-149302, 333-149301, 333-112797 AND 333-112796) AND FORM F-3 (NO. 333-232144) OF BARCLAYS BANK PLC AND TO BE A PART THEREOF FROM THE DATE ON WHICH THIS REPORT IS FURNISHED, TO THE EXTENT NOT SUPERSEDED BY DOCUMENTS OR REPORTS SUBSEQUENTLY FILED OR FURNISHED.

Appointment of Non-Executive Directors and other governance changes

Barclays PLC (“Barclays”) has appointed Dawn Fitzpatrick and Mohamed A. El-Erian as non-executive Directors. Ms Fitzpatrick joined the Board effective 25 September 2019, and Dr. El-Erian will join the Board on 1 January 2020.

Ms Fitzpatrick is currently Chief Investment Officer of Soros Fund Management LLC (SFM) where she oversees approximately US$25bn under management and the firm’s day to day operations including portfolio management, capital allocation and risk management. Prior to joining SFM, Ms Fitzpatrick spent 25 years at UBS and its predecessor organisations, most recently as Head of Investments for UBS Asset Management, where she oversaw the management of approximately $500bn of client capital, its Investment Solutions team, and the O’Connor hedge fund business. She currently serves on The New York Federal Reserve’s Investor Advisory Committee on Financial Markets and the Advisory Board and Investment Committee of the Open Society Foundations’ Economic Justice Program.

Mohamed A. El-Erian is chief economic adviser at Allianz, the corporate parent of Pimco, where he served as chief executive and co-chief investment officer (2007-2014), and President-elect of Queens’ College Cambridge. A columnist for Bloomberg View and a contributing editor at the Financial Times, he previously chaired President Obama’s Global Development Council, was Deputy Director at the International Monetary Fund, a Managing Director at Salomon Smith Barney, and president and CEO of Harvard Management Company. Dr. El-Erian has published widely on international economic and finance topics.  Having served on the boards of the US Treasury Borrowing Advisory Committee, the International Center for Research on Women, the Peterson Institute for International Economics, the IMF’s Committee of Eminent Persons and the New York Federal Reserve’s Investor Advisory Committee on Financial Markets, he is currently a trustee of several non-profit boards, including the National Bureau of Economic Research, is a Board member of Under Armour, and has been chair of Microsoft’s Investment Advisory Board since 2007.

These appointments reflect Barclays’ commitment to the strengthening of its Board through the addition of further high quality and highly respected individuals possessing a wide and deep knowledge of the group’s markets and businesses.

There is no additional information required to be disclosed in relation to Ms Fitzpatrick or Dr. El-Erian pursuant to paragraph LR9.6.13R of the Listing Rules of the Financial Conduct Authority.

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Changes to Board Committees and subsidiary Boards

The Barclays PLC Board is committed to maximizing the effectiveness of the group’s governance through simplification wherever possible, avoiding duplication and ensuring that the most critical issues are handled directly by the Barclays PLC Board.  These core objectives have led it to consolidate membership of the board of its subsidiary Barclays Bank PLC with that of the main Board, and to review its role in relation to the important matters which had been the primary responsibility of the Reputation Committee.

Therefore, to create a simpler, more efficient governance structure the Board of Barclays Bank (BB) PLC has been reconstituted with its membership drawn exclusively from the Barclays PLC Board.  Effective 25 September 2019, the composition of the BB PLC Board is as follows: Nigel Higgins (Chairman), Jes Staley, Tushar Morzaria, Mike Ashley, Tim Breedon, Mary Anne Citrino, Dawn Fitzpatrick, Mary Francis, Matthew Lester, Diane Schueneman.  Mohamed A. El-Erian will join this Board when he joins the Barclays PLC Board, on 1 January 2020.  Given the nature of their respective roles, neither Sir Ian Cheshire, the Chairman of Barclays Bank UK PLC, nor Crawford Gillies, the Senior Independent Director of Barclays PLC, have joined the Board of BB PLC.

In addition, the Barclays PLC Board has reviewed the responsibilities of its Reputation Committee and has decided to reallocate those responsibilities between the main Board and the Risk Committee. The Board considers that culture, environmental matters and oversight of the organisation’s reputation should be addressed by the full Board, rather than by a committee, and direct responsibility for addressing these matters has therefore transferred to the Board itself.  Responsibility for the oversight of the Compliance function, and for conduct risk has transferred to the Risk Committee to allow a holistic view of financial and non-financial risks. In consequence of these changes the Reputation Committee has been disbanded.

The Board of Barclays Bank UK PLC remains unchanged.

ENDS
 
For further information, please contact:

Investor Relations
Media Relations
Lisa Bartrip
Tom Hoskin
+44 (0) 20 7773 0708
+44 (0) 20 7116 4755

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About Barclays

Barclays is a transatlantic consumer and wholesale bank offering products and services across personal, corporate and investment banking, credit cards and wealth management, with a strong presence in our two home markets of the UK and the US.

With over 325 years of history and expertise in banking, Barclays operates in over 40 countries and employs approximately 83,500 people. Barclays moves, lends, invests and protects money for customers and clients worldwide.

For further information about Barclays, please visit our website www.barclays.com

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SIGNATURES
 
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
 
   
BARCLAYS BANK PLC
  
       
   
(Registrant)
  
       
Date: September 26, 2019
By:
/s/ Garth Wright
  
   
Name: Garth Wright
  
   
Title: Assistant Secretary
  


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