BARCLAYS APPOINTS EX-BofA MAN NEW CHIEF OPERATING OFFICER (COO)

Barclays has appointed Jonathan Moulds to the newly created role of Group Chief Operating Officer.

A logo sits outside a Barclays Plc bank branch in Barking, U.K., on Friday, Feb. 7, 2014. Barclays Plc reported full-year profit that missed analyst estimates as litigation and compensation charges complicated Chief Executive Officer Antony Jenkins's overhaul of Britain second-biggest bank. 

Moulds will join the Executive Committee of Barclays and report directly to the Group Chief Executive Antony Jenkins.

In this role Moulds will lead major change programmes across Barclays and is charged with accelerating delivery of the Group’s strategic plan, Transform. He will have accountability for the Structural Reform Programme, which includes the implementation of the Ring-Fenced Bank in the UK and the Intermediate Holding Company in the US, and will oversee the Strategy and Corporate Development Team. Moulds will also establish and chair a Group Operating Committee which will ensure that the organisation is executing Barclays’ strategy in an aligned and efficient way.

Moulds will take up his post on 2 February 2015.

Commenting on the appointment, Antony Jenkins, Group Chief Executive, said: 'The progress we have made over the past two years in terms of operational, financial, and cultural transformation at Barclays has been enormous.

'My decision to create a Group Chief Operating Officer role at this time is specifically intended to ensure we continue to deliver on our strategy, but more importantly to accelerate execution where possible. There are multiple major change programmes in flight across the Group, designed to achieve our ambitious goals, and which will in turn help to drive the sustainable returns our shareholders deserve. A Group COO will give us additional leadership bandwidth and capability to make that happen.

'Jonathan Moulds has a huge wealth of relevant industry experience to bring to Barclays and to this role. Before leaving the organisation at the end of 2012, he spent over 15 years at Bank of America Merrill Lynch in a variety of senior leadership roles, latterly as CEO of Merrill Lynch International and Head of BoAML Europe. I am delighted to welcome such a seasoned and able leader to Barclays, and I look forward to working with him to accelerate progress towards becoming the ‘Go-To’ Bank'.

Moulds said: 'This is a period of profound change for Barclays as the Group builds momentum in the implementation of its strategy and deals with external forces including structural reform. Playing a part in leading the transformation of Barclays represents a hugely exciting professional challenge for me. I am looking forward to taking up my new post and to working with Antony and my colleagues on the Executive Committee in helping the bank realise its full potential'.

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