Lucas to be FD if Barclays and ABN merge
Barclays' debutante FD pencilled in as financial boss of what will be the UK's second largest bank by stock value if deal completed
Chris Lucas, will seize overall financial control of the proposed
Barclays-ABN
AMRO partnership if the British bank’s estimated £46bn approach is accepted,
reports have suggested.
This week, Barclays announced details of the groundbreaking proposal which
would catapult the FTSE 100
giant past rival bank RBS in
terms of stock market value yesterday.
Lucas, who is only a few weeks into the job as Barclays new FD ,will assume
responsibility for the combined bank as Barclays’ top brass areexpected to
dominate the key board positions.
There is also a place on the planned group executive committee for Paul
Idzik, the chief operating officer of Barclays, who retains the same title.
Arthur Martinez, the ABN chairman, will, at an unspecified date, step down to
make way for Marcus Agius, the Barclays chairman, who initially will take the
role of deputy chairman.
Further reading:
ABN AMRO takeover talks bring E&Y out
in a sweat
Barclays CFO paid more than chief exec