15th Jul 2015 05:42
LONDON (Alliance News) - Barclays PLC is set to lose Deputy Chairman Michael Rake a week after he is understood to have played a key role in ousting Antony Jenkins as the bank's chief executive, The Times reports.
Rake is set to leave the bank to take up the chairmanship of another, as yet unknown financial services company, The Times said, citing sources. He will retain his position as chairman of BT Group PLC.
Barclays Chairman John McFarlane, who will take up executive responsibilities from Friday, said Rake had been in charge of the process of removing Jenkins.
http://www.thetimes.co.uk/tto/business/industries/banking/article4497842.ece
By Sam Unsted; [email protected]; @SamUAtAlliance
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