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
UNDER THE SECURITIES EXCHANGE ACT OF 1934
September 26,
2019
Barclays PLC and
Barclays Bank PLC
(Names
of Registrants)
1 Churchill Place
London E14 5HP
England
(Address
of Principal Executive Offices)
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 x Form 40-F
Indicate
by check mark whether the registrant by furnishing the
information
contained
in this Form is also thereby furnishing the information to
the
Commission
pursuant to Rule 12g3-2(b) under the Securities Exchange Act of
1934.
Yes No
x
If
"Yes" is marked, indicate below the file number assigned to the
registrant
in
connection with Rule 12g3-2(b):
This
Report is a joint Report on Form 6-K filed by Barclays PLC and
Barclays
Bank
PLC. All of the issued ordinary share capital of Barclays Bank PLC
is
owned
by Barclays PLC.
This
Report comprises:
Information
given to The London Stock Exchange and furnished pursuant
to
General
Instruction B to the General Instructions to Form 6-K.
EXHIBIT
INDEX
__________________________________________________________________________________
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, each of
the registrants has duly caused this report to be signed on its
behalf by the undersigned, thereunto duly authorized.
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BARCLAYS
PLC
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|
(Registrant)
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Date:
September 26, 2019
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By: /s/
Garth Wright
--------------------------------
|
|
Garth
Wright
|
|
Assistant
Secretary
|
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BARCLAYS
BANK PLC
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|
(Registrant)
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Date:
September 26, 2019
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By: /s/
Garth Wright
--------------------------------
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|
Garth
Wright
|
|
Assistant
Secretary
|
26 September 2019
Barclays PLC
and
Barclays Bank PLC
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.
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
|
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