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.
Does Darwin's theory apply to taxation? Colin ponders...
The EC has been instructed to draft a European Union (EU) directive authorising an EU financial transaction tax, which would apply to ten of the EU’s 28 member states
Accountancy watchdog the FRC has dropped its investigation into the former chief financial officer of Tesco, nearly two years after the supermarket was engulfed in an accounting scandal
Colin imagines how Apple's logo might change in the wake of the EC's ruling over its Irish tax arrangements