SOURCE: Barclays

April 22, 2008 07:28 ET

Archibald Cox, Jr. Appointed Chairman, Barclays Americas

NEW YORK, NY--(Marketwire - April 22, 2008) - Barclays today announces the appointment of Archibald (Archie) Cox, Jr. as Chairman of Barclays Americas. The Americas region is a particular focus for Barclays as the firm builds its position in the Investment Banking and Investment Management (IBIM) businesses, while continuing to develop Barclaycard US. Mr. Cox will join Barclays in early May and will report to Barclays President Robert E. Diamond, Jr. He will be a member of the Barclays IBIM Executive Committee. Mr. Cox succeeds Chet Feldberg who is retiring this year after serving as Barclays Americas Chairman since May 2000.

John Varley, Chief Executive of Barclays PLC, said, "The Americas region is an area of great strategic importance and opportunity for Barclays, and one where our investment banking, investment management and, more recently, credit card businesses have enjoyed significant growth. We intend to increase our earnings in the Americas as a percentage of growing Group profits, and the appointment of Archie Cox as Chairman, Barclays Americas, is a clear signal of that determination."

Bob Diamond said, "I am delighted to welcome Archie Cox to Barclays. He has a great track record in the global financial services industry, building successful businesses on three continents and delivering real value to clients. At a time of both great challenges and great opportunities in the markets, Archie's deep experience, knowledge of our industry and personal stature will be important additions to our leadership team in the Americas. He will make significant contributions to our efforts to extend our capabilities and deepen our already strong relationships with clients in the region."

Mr. Cox said, "I am extremely enthusiastic about joining Barclays and its strong leadership team. Barclays stands out for its commitment to clients, high ethical standards and world-class execution. These qualities are now more important than ever as clients navigate challenging markets and an evolving global economy. The firm has ambitious growth plans in the Americas and I look forward to contributing to the achievement of these goals."

In a distinguished career in the global financial services business, Mr. Cox has helped build impressive investment banking businesses. Mr. Cox has held senior positions in North America, Asia and Europe, giving him a truly global business perspective.

Mr. Cox began his career at Morgan Stanley & Co. in 1964. In 1973, he was asked to build the firm's institutional equity business and assumed responsibility for all equity sales and trading. In 1977, Mr. Cox launched Morgan Stanley International in London and served as its Chief Executive Officer until 1988. From May 1990 until July 1993, Mr. Cox was President and Chief Executive Officer of The First Boston Corporation and a member of the Group Executive Board of CS First Boston Group, Inc. From 1986 to 1988, Mr. Cox served as a board member of the Securities and Investment Board, which was responsible for regulating the securities and other non-banking financial services businesses in the United Kingdom, and from 1990 to 1993 he served on the board of the Securities Industry Association (SIA) in the United States. In 1993, Mr. Cox formed Sextant Group, Inc., a financial advisory and private equity firm. From 1995 until 2006, he was President and CEO of Magnequench, Inc., a manufacturer of rare earth magnetic material and magnets.

Mr. Cox holds a bachelor's degree in Economics from Harvard College and a MBA from the Harvard Business School. He is Chairman of several privately-owned companies, and also serves on the boards of Hutchinson Technology Incorporated, Hutchinson, Minnesota, Unifi Inc., Greensboro, North Carolina and Micell Technologies, Inc., Raleigh, North Carolina.

About Barclays PLC

Barclays PLC is a major global financial services provider engaged in retail and commercial banking, credit cards, investment banking, wealth management and investment management services. It is one of the largest financial services companies in the world by market capitalisation. With over 300 years of history and expertise in banking, Barclays operates in over 50 countries and employs over 135,000 people. Barclays moves, lends, invests and protects money for over 27 million customers and clients worldwide.

For further information about Barclays, please visit our website www.barclays.com.

About Barclays Capital

Barclays Capital is the investment banking division of Barclays Bank PLC which has an AA long-term credit rating and a balance sheet of over £1.2 trillion (US$2.4 trillion*). With a distinctive business model, Barclays Capital provides large corporate, government and institutional clients with solutions to their financing and risk management needs. Barclays Capital has offices in 29 countries, employs over 16,200 people and has the global reach and distribution power to meet the needs of issuers and investors worldwide.

For further information about Barclays Capital, please visit our website www.barclayscapital.com.

*US$ figure was derived using the US$/£ exchange rate at 12.31.07 of US$2.00/£1

About Barclays Global Investors

Barclays Global Investors is one of the world's largest asset managers and a leading global provider of investment management products and services. It has over 2,900 institutional clients and over $2.0 trillion of assets under management. It transformed the investment industry by creating the first index strategy in 1971 and the first quantitative active strategy in 1979. BGI is the global product leader in Exchange Traded Funds (iShares) with over 320 funds for institutions and individuals globally. It has $408 billion of iShares assets under management.

For further information about Barclays Global Investors, please visit our website www.barclaysglobal.com.

About Barclaycard

Headquartered in Wilmington, Del., Barclaycard US has more than 60 partnerships with some of the country's most successful travel, entertainment, retail and financial institutions including US Airways, Lufthansa, Barnes & Noble, Best Western, BJ's Wholesale Club, Travelocity and Carnival Cruise Lines. The company employs more than 1,200 associates and was named a Top Employer in Delaware in 2007.

For more information please visit www.barclaycardus.com.

Contact Information

  • For further information please contact:

    US Barclays Capital Press Contact:
    Peter Truell
    +1 212 412 7576
    Email Contact

    UK Press Contact:
    Leigh Bruce
    Head of Corporate Communications, Barclays Investment Banking and
    Investment Management
    +44 (0)20 7773 7371
    Email Contact