- Hugo Chavez Bails Out Allen Stanford-Hit Island
- VW to Buy 42% Stake in Porsche
- Las Vegas Sands Clears Way for Asian IPO
- Homebuyers Scramble to Beat Tax Credit Deadline
- Strong Treasury Demand Reflects Economic Uncertainty
- US Dollar in the Crosshairs: Not Much to Like Long-Term
- Berkshire Stands By Valuation of Its Derivatives
- Bank of America Drops Card Arbitration Requirement
- UK Mulls New Laws to Curb Bank Bonuses: Report
- GM to Face 'Extremely Difficult Time' Starting 2012: Economist
- Pros Say: Economy Needs 'Coddling' to Avoid a 'W-Shape'
- Forget Wal-Mart (Walmart?), What About JP Morgan Chase (& Co.?)
- How Many NFL Blackouts Will We Have This Season?
- Oil Should Be Priced at $50-55: Strategist
- Will Apple, RIM and Others Enjoy Happy Holidays?
- Wal-Mart Stores: Hyphenate Less
- Expect 'U-Shaped' Market Bottom: Strategist
- Forget Tech and Banks — Buy These Sectors Instead: Strategist
|
CNBC'S MOST SHARED
- How Many Soccer Players Does it Take to Put On a T-Shirt?
- Dollar Bulls May Gain Upper Hand: Forex Analyst
- Existing-Home Sales Rise, Helped by Lower Prices
- Cramer: Citigroup Is 'Red Hot'
- More Workers Are Increasing Retirement Savings: Fidelity
- Stocks Gain 1.3% After Fed's 'Rosy' Outlook
- Consumer Confidence Stronger in August: Survey
- Second Stimulus Needed to Avoid Lost Decade: Krugman
- Freddie Mac Posts First Profit in 2 Years; Shares Jump
- Housing Shows Stablization, Led By Strong Demand
Text Size 
Barclays named a Goldman Sachs veteran to its board on Thursday on the day a major review into UK corporate governance called for more banking expertise on bank's boards.
Britain's second biggest bank said Reuben Jeffery III, who served in the U.S. government as Under Secretary of State for Economic, Energy and Agricultural Affairs from 2007 until earlier this year, will join its board immediately.
Jeffery, 55, spent 18 years at Goldman, including as managing partner in Paris from 1997 to 2001 and head of its European financial institutions group in London from 1992 to 1997.
The Yale and Stanford graduate left Goldman to become special adviser on Lower Manhattan Development after the September 2001 attacks in New York and held other government positions under George W. Bush's administration.
In 2005, he became chairman of the U.S. Commodity Futures Trading Commission. He is a senior advisor at the Center for Strategic & International Studies in Washington.
 |
Sharon Lorimer |
The Walker Report on corporate governance, released on Thursday, said banks should recruit more non-executives with banking experience.
A government review six years ago called for broader and more diverse bank boards, but the financial crisis prompted criticism that boards lacked relevant experience, with Royal Bank of Scotland, HBOS and Northern Rock all chaired by non-bankers.
Barclays [BARC-LN Loading... ()] also named Richard Broadbent as its deputy chairman, replacing Nigel Rudd, who retired from the post in April. Broadbent has been on the bank's board since 2003.
Data is a real-time snapshot *Data is delayed at least 15 minutes