Barclays Poaches Citi Executive to Be Card Unit CEO
August 10 2017 - 8:59AM
Dow Jones News
By AnnaMaria Andriotis
Barclays PLC's international credit card unit is getting a new
chief executive.
Barclaycard International has hired longtime card industry
executive Barry Rodrigues to run its operations, a position that he
is expected to take over in November, according to an internal memo
reviewed by The Wall Street Journal. Mr. Rodrigues joins from
Citigroup Inc., where he was the head of digital payments in the
global consumer bank, in charge of new payment solutions and the
team that manages the bank's partnerships with PayPal and Apple and
its relationship with Mastercard.
He will replace Amer Sajed, who retired in July. Mr. Sajed
became interim CEO in May 2015 and took on the role permanently in
April 2016. Barclaycard announced his retirement in March, at the
time saying the bank would look at internal and external candidates
for Mr. Sajed's replacement.
Under Barclaycard International, Mr. Rodrigues will be in charge
of U.S. credit cards and retail online deposits as well as business
solutions and payment acceptance in the U.K. He will also oversee
the company's credit card and unsecured lending in Germany.
The move takes Mr. Rodrigues to a smaller but growing lender in
the U.S. Barclaycard was the ninth largest credit card lender in
the U.S. based on purchase volume and balances at the end of last
year, according to trade publication the Nilson Report. Its
outstanding balances for general-purpose and co-branded cards
totaled around $26.4 billion at the end of last year, up from about
$6.5 billion in 2007 when the bank's ranking by this measure was
14th. Citi has remained among the top five U.S. credit card lenders
during this period.
Mr. Rodrigues spent more than two decades at American Express
before joining Citi in 2011. He followed Jud Linville, also a
longtime AmEx executive, who joined Citi in 2010 and is the bank's
chief executive of cards.
Barclaycard is most well known in the U.S. for its co-branded
cards. The bank said in July that it will be the issuer of a new
Uber credit card that is set to roll out later this year. It is
also the issuer of the JetBlue credit cards, an account that was
previously with American Express. Barclaycard is also one of the
issuers for the American Airlines co-branded credit card program
that it shares with Citi.
Mr. Rodrigues will be based in New York and will report to Tim
Throsby, Barclays International president.
Write to AnnaMaria Andriotis at annamaria.andriotis@wsj.com
(END) Dow Jones Newswires
August 10, 2017 08:44 ET (12:44 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
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