Results tagged “Marcus Agius”

Barclays chief executive designate Bob Diamond will officially take up his role on New Year's Day - three months earlier than originally planned.

The bank announced this morning that Mr Diamond will succeed outgoing chief executive John Varley on January 1 after all transition activities were successfully completed.

Barclays' bosses braved the wrath of shareholders today to explain why the bank needed to raise almost £6billion of capital from new investors.

The bank's chairman Marcus Agius told a general meeting of shareholders at Excel today failure to secure the promise of funds from the Middle East could have proved "terminal".