BusinessCompany NewsPwC partner to run finances at Barclays Bank

PwC partner to run finances at Barclays Bank

FD at third biggest bank to resign next year

Chris Lucas, global head of banking and capital markets at
PricewaterhouseCoopers, will leave the firm
in Spring next year to become the new finance director at
Barclays Bank.

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
John
Varley
as chief executive.

His decision to leave may have been linked to increasing regulatory burden on
a finance director’s role.

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