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Barclays appoints Rothschild veteran to succeed departing chair McFarlane

Role is seen as one of the toughest in global banking because of ongoing question marks around Barclays' strategy

Barclay's Chairman John McFarlane
Barclay's Chairman John McFarlane Photo: Getty Images

Barclays has named Rothschild veteran Nigel Higgins as its next chairman, with a mandate likely to include restoring investor confidence and improving the bank’s sunken share price.

He will take over next year from departing chairman John McFarlane, who confirmed he will leave the bank in May, as widely expected.

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