Financial Express (Holdings) Limited (“we”, “our”, “us” and derivatives) are committed to protecting and respecting your privacy. This Privacy Policy, together with our Terms of Use, sets out the basis on which any personal data that we collect from you, or that you provide to us, will be processed by us relating to your use of any of the below websites (“sites”).

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For the purposes of the Data Protection Act 1998, the data controller is Trustnet Limited of 2nd Floor, Golden House, 30 Great Pulteney Street, London, W1F 9NN. Our nominated representative for the purpose of this Act is Kirsty Witter.

WHAT INFORMATION DO WE COLLECT ABOUT YOU?

We collect information about you when you register with us or use any of our websites / services. Part of the registration process may include entering personal details & details of your investments.

We may collect information about your computer, including where available your operating system, browser version, domain name and IP address and details of the website that you came from, in order to improve this site.

You confirm that all information you supply is accurate.

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In order to provide personalised services to and analyse site traffic, we may use a cookie file which is stored on your browser or the hard drive of your computer. Some of the cookies we use are essential for the sites to operate and may be used to deliver you different content, depending on the type of investor you are.

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HOW WE USE INFORMATION

We store and use information you provide as follows:

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We may also send you emails to provide information and keep you up to date with developments on our sites. It is our policy to have instructions on how to unsubscribe so that you will not receive any future e-mails. You can change your e-mail address at any time.

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We will not disclose your name, email address or postal address or any data that could identify you to any third party without first receiving your permission.

However, you agree that we may disclose to any regulatory authority to which we are subject and to any investment exchange on which we may deal or to its related clearing house (or to investigators, inspectors or agents appointed by them), or to any person empowered to require such information by or under any legal enactment, any information they may request or require relating to you, or if relevant, any of your clients.

You agree that we may pass on information obtained under Money Laundering legislation as we consider necessary to comply with reporting requirements under such legislation.

ACCESS TO YOUR INFORMATION AND CORRECTION

We want to ensure that the personal information we hold about you is accurate and up to date. You may ask us to correct or remove information that is inaccurate.

You have the right under data protection legislation to access information held about you. If you wish to receive a copy of any personal information we hold, please write to us at 3rd Floor, Hollywood House, Church Street East, Woking, GU21 6HJ. Any access request may be subject to a fee of £10 to meet our costs in providing you with details of the information we hold about you.

WHERE WE STORE YOUR PERSONAL DATA

The data that we collect from you may be transferred to, and stored at, a destination outside the European Economic Area (“EEA”). It may be processed by staff operating outside the EEA who work for us or for one of our suppliers. Such staff may be engaged in, amongst other things, the provision of support services. By submitting your personal data, you agree to this transfer, storing and processing. We will take all steps reasonably necessary, including the use of encryption, to ensure that your data is treated securely and in accordance with this privacy policy.

Unfortunately, the transmission of information via the internet is not completely secure. Although we will do our best to protect your personal data, we cannot guarantee the security of your data transmitted to our sites; any transmission is at your own risk. You will not hold us responsible for any breach of security unless we have been negligent or in wilful default.

CHANGES TO OUR PRIVACY POLICY

Any changes we make to our privacy policy in the future will be posted on this page and, where appropriate, notified to you by e-mail.

OTHER WEBSITES

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CONTACT

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Barclays PLC (BARC)

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Tuesday 16 July, 2013

Barclays PLC

Barclays appoints Group Finance Director

RNS Number : 4131J
Barclays PLC
16 July 2013
 



 

 

 

16 July 2013

 

Barclays appoints Group Finance Director

 

 

Barclays PLC and Barclays Bank PLC ("Barclays") announce that Tushar Morzaria will be appointed as Group Finance Director to succeed Chris Lucas in this role.  Chris announced in February 2013 his intention to retire.

 

Mr Morzaria is expected to begin work at Barclays in the autumn of 2013, at which point he will join the Executive Committee, reporting to Group Chief Executive Antony Jenkins. He will join the Board as an Executive Director with effect from 1 January 2014.  This will allow for an orderly handover of responsibilities from Chris Lucas, who will remain accountable for financial reporting for 2013. Mr Lucas will remain on the Board as Group Finance Director and a member of the Executive Committee until his retirement as Group Finance Director on 28 February 2014, at which point Mr Morzaria will take up his responsibilities in full.

 

Mr Morzaria is currently Chief Financial Officer, Corporate and Investment Banking at JP Morgan Chase, where he has spent the majority of his career. A qualified chartered accountant, he has previously also held roles in the finance functions of Credit Suisse and SG Warburg.

 

Commenting on the appointment Antony Jenkins, Group Chief Executive, Barclays said:

 

"I am delighted to welcome Tushar to Barclays.  He is an accomplished professional with first class strategic financial management experience built up over 20 years, including the last four as a key leader in JP Morgan Chase's Corporate and Investment Bank. He will bring a welcome new perspective to what is a pivotal role, and I am very much looking forward to working with him as we transform Barclays into the 'Go-To' bank.

 

"I want to note our huge gratitude to Chris Lucas for his dedicated service to Barclays, and thank him particularly for his role in ensuring that our business has remained financially strong during the financial crisis and since. It is a typical mark of his commitment and professionalism that he has agreed to stay on as Group Finance Director until the end of February to complete this reporting cycle and support Tushar as he learns about the business."

 


 

Tushar Morzaria said:

 

"I am looking forward to returning to the UK to lead Barclays' finance function.  The work which Antony, together with the Executive Committee and the Board, have done over the last nine months has really begun the process of restoring trust in Barclays.  I am excited at the opportunity to be part of the leadership team which will deliver on the promised change in performance and culture."

 

There are no other details that are required to be disclosed in respect of Mr Morzaria's appointment under Paragraph 9.6.13 of the Listing Rules of the UK Listing Authority.

 

-ENDS-

 

For further information, please contact:

 

Barclays Investor Relations                                     Barclays Media Relations        

Charlie Rozes                                                            Giles Croot

+44 (0)20 7116 5752                                              +44 (0)20 7116 4755

 

Notes to Editors:

About Barclays

Barclays is a major global financial services provider engaged in personal banking, credit cards, corporate and investment banking and wealth and investment management with an extensive international presence in Europe, the Americas, Africa and Asia. Barclays' purpose is to help people achieve their ambitions - in the right way.

With over 300 years of history and expertise in banking, Barclays operates in over 50 countries and employs approximately 140,000 people. Barclays moves, lends, invests and protects money for customers and clients worldwide.

For further information about Barclays, please visit our website www.barclays.com.

Key compensation arrangements for Tushar Morzaria

 

Tushar Morzaria's compensation arrangements will reflect his role and responsibilities.

The compensation arrangements have been benchmarked against a peer group of global universal banks, industrial companies and financial services institutions.  Mr Morzaria's annual salary will be £800,000 and his annual incentive award opportunity will be up to a maximum of 250% of salary (as at the date of award).

Mr Morzaria will be eligible to be considered for the grant of an award under the Barclays LTIP with a total maximum market value in any one year of an amount up to 400% of salary, calculated at the date of grant of any such award.  The next Barclays LTIP award will be for the performance period that commences 1 January 2014.

Any deferred and long term awards granted to Mr Morzaria by JP Morgan Chase which are forfeited as a result of him accepting his new role at Barclays will be replaced with a Barclays share award of equivalent value to the forfeited awards which will vest over the same time period (as closely as possible) as the forfeited awards.  

Mr Morzaria will be eligible to receive a cash allowance in lieu of pension of 25% of his salary, per annum.

On-going arrangements with Chris Lucas

 

During the period until his retirement, Chris Lucas will continue to be paid in line with his current arrangements and will be eligible for consideration for a bonus with respect to 2013.

 

Tushar Morzaria profile

 

Tushar Morzaria qualified as a chartered accountant in the UK in 1993 before moving into banking.  He has spent the majority of his career in a variety of roles at JP Morgan Chase both in London and New York.

 

Born in Uganda, he moved to the UK in 1971.  Tushar is a British citizen.  He is married with two children.

 

2005 - 2013 JPMorgan Chase

CFO, CIB (New York) since July 2012

CFO, IB (New York) 2010-2012

Global Controller, IB (New York) 2009-2010

CFO, EMEA & Global CFO, Fixed Income, IB 2005-2009

 

2002 - 2005 Credit Suisse Investment Bank

Global Controller, Derivatives

European Controller, Fixed Income

 

1995 - 2002 JPMorgan

 

1994 SG Warburg

 

1990 - 1993 Coopers & Lybrand Deloitte

 

Education and Training

1993     ACA

1990     BSc (Hons) Computer Science & Accounting, Manchester University


This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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