Barclays strengthens its board with appointment of former Treasury mandarin Sir John Kingman
City heavyweight: Sir John Kingman has been appointed chairman of- Barclays UK retail arm
Barclays beefed up its board with the appointment of former Treasury mandarin Sir John Kingman as chairman of its UK retail arm.
The banking giant said Kingman will replace Crawford Gillies, who is stepping down in May after nine years on the board.
Kingman, chairman of Legal & General, will oversee Barclays UK, the group’s ring-fenced bank. He will stay on at L&G but stood down as chair of Tesco Bank over the weekend. Barclays praised Kingman’s ‘deep background in financial services’ including in the public and private sectors.
As a top Treasury civil servant, 53-year-old Kingman played a major role in the UK’s response to the financial crisis, overseeing the bailouts of Lloyds and Royal Bank of Scotland as well as the nationalisation of Northern Rock.
He went on to run UK Financial Investments, the Government body charged with overseeing taxpayers’ interest in the banking system.