BARCLAYS has promoted its retail banking head, Antony Jenkins, to chief executive, with a potential £8.8 million pay package in a move analysts think could lead to less emphasis on its controversial investment banking arm.
Mr Jenkins has replaced Bob Diamond, who quit in July after the company was fined £290 million by regulators for attempting to manipulate key interest rates.
The episode also saw the resignation of chairman Marcus Agius, who is to be replaced by veteran banker Sir David Walker, and two other directors.
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