PwC Partner Chris Lucas new Group FD for Barclays
Chris Lucas (46) is appointed to the position of Group Finance Director with effect from April 1, 2007 in succession to Naguib Kheraj (42).
Chris Lucas joins Barclays from PricewaterhouseCoopers (PwC) where he is UK Head of Financial Services and Global Head of Banking and Capital Markets. He was Global Relationship Partner for Barclays for the 1999 – 2004 year ends and subsequently held similar roles for other global financial services organisations. Chris Lucas has worked across financial services accounting for most of his career, including three years in New York as Head of the US Banking Audit Practice.
Naguib Kheraj will be responsible for the 2006 financial statements and will continue to be available after the publication of the Annual Report in March 2007 to ensure a smooth handover of responsibilities to Chris Lucas. He intends to leave the Group in the second half of 2007.
Commenting, John Varley, Group Chief Executive, said:
“I am delighted to welcome Chris Lucas to Barclays. Chris has worked with us for many years, is a renowned global expert on financial services and knows Barclays intimately. He will make a great contribution to the business.
I am very sorry that Naguib is leaving us. He has made an outstanding contribution to Barclays and has been a great partner to me in my role as Group Chief Executive. I would have been delighted for Naguib to stay with Barclays for all his career but I respect his decision to broaden his career experience. We have a well defined and clear transition plan.”
Commenting, Naguib Kheraj, Group Finance Director, said:
“It has been an immensely rewarding experience both personally and professionally to have worked for Barclays over the last nine years in a variety of roles, culminating in the position of Group Finance Director for the past three years. We have made tremendous progress and delivered very good results to shareholders. I have never considered myself a lifetime Finance Director and I believe now is the right time to move on to the next stage of my career.”
Commenting, Chris Lucas, said:
“I am delighted to be joining Barclays at this time of rapid growth. The business is one of the best performing in the industry with an extremely strong management team.”
CHRIS LUCAS
Education:
-Dauntsey’s School, Devizes
-Southampton University – BSc Accounting and Economics
Professional Experience:
1983 – 2006
PricewaterhouseCoopers, Worked across the firm in various roles
1996
Partner, Head of US Banking Audit Practice, New York
1999
Global Relationship Partner – Barclays
2000
Business Unit Leader, Banking & Capital Markets, London
2004
UK Head of Financial Services
2005
Global Head of Banking and Capital Markets