Barclays Capital’s Wieseneck to Lead Investment Bank Strategy

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As the face of investment banking changes, Barclays Capital is appointing Larry Wieseneck to a newly created position spearheading the group’s strategy.

Wieseneck, a Lehman Brothers alum, will carry the formal title of chief strategy officer for corporate and investment banking, and also gets a seat on the bank’s executive committee.

Formerly, Wieseneck served as Barclays’ head of global finance and risk solutions. An internal memo this morning by investment banking co-CEOs said the position would be effective immediately.

We are pleased to announce that Larry Wieseneck will assume the newly created role of Chief Strategy Officer for Corporate and Investment Banking, effective immediately and based in New York. He will report to us, and joins the Executive Committee.

Barclays is operating in an environment of significant regulatory and market change, and we must remain disciplined and coordinated as we continue to gain momentum. Larry will work with all of our businesses and regions to ensure alignment between our intermediate and long-term strategic objectives, and our near-term goals and responsibilities. He will have global oversight in coordinating the execution of our strategy.

The Strategy team, led by Reto Kohler, will report to Larry. In addition, Larry will take on Justin Bull’s previous responsibilities for managing the Co-CEO office and acting as our Chief of Staff.

Larry was named Head of Global Finance and Risk Solutions at Barclays Capital in 2008, having held a similar role at Lehman Brothers since 2003. Due to his extensive experience with both Investment Banking and Capital Markets clients, we have asked him to stay involved with client-facing activities.

Please join us in congratulating Larry on his new role and responsibilities.

Jerry del Missier, Rich Ricci,

co-chief executive officers of Barclays' investment banking arm

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