PwC partner to run finances at Barclays Bank
FD at third biggest bank to resign next year
He will replace its incumbent finance director Naguib Kheraj who has
announced plans to step down in 2007.
Lucas, 46, was PwC’s global relationship partner for Barclays from 1999 to
2004 which makes him ineligible to join the bank until the 2006 results have
been signed off, under accounting regulations.
The news took the market by surprise with Kheraj expected to succeed
Varley as chief executive.
His decision to leave may have been linked to increasing regulatory burden on
a finance director’s role.