Barclays Appoints Soros Fund Management CIO, Allianz Adviser to Board
September 26 2019 - 3:13AM
Dow Jones News
By Adria Calatayud
Barclays PLC (BARC.LN) said Thursday that it has appointed Dawn
Fitzpatrick, currently chief investment officer of Soros Fund
Management LLC, and Mohamed A. El-Erian, chief economic adviser at
Allianz SE (ALV.XE), to its board.
Ms. Fitzpatrick joined the Barclays board on Wednesday, while
Mr. El-Erian will join on Jan. 1, 2020, the U.K. bank said.
Barclays said these appointments seek to strengthen its board.
The lender also said it has consolidated membership of the board
of its subsidiary Barclays Bank PLC with that of the group board to
create a simpler, more efficient governance structure.
Furthermore, Barclays said it has reallocated responsibilities
of its reputation committee, including for the oversight of the
compliance function, between its main board and its risk
committee.
Write to Adria Calatayud at
adria.calatayudvaello@dowjones.com
(END) Dow Jones Newswires
September 26, 2019 02:58 ET (06:58 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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