Nov 1, 2018
Barclays picks Rothschild veteran Higgins as new chair
Barclays has chosen veteran Rothschild banker Nigel Higgins to be its next chairman, as the UK lender navigates a series of challenges, including a campaign for disposals by an activist investor. Mr Higgins will replace John McFarlane, who has been chairman since the start of 2015. "In Nigel Higgins we have found an ideal candidate," said Crawford Gillies, senior independent director of Barclays, who led the six-month search for Mr McFarlane's successor. Mr Higgins, 58, will remain in his role as deputy chairman at Rothschild, the investment banking dynasty, until he takes up the job at Barclays. Barclays said Mr Higgins would be paid an "All inclusive fee" at the same rate as Mr McFarlane, who received £800,000 in 2017.
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