LONDON--Barclays PLC on Friday said it appointed John McFarlane, chairman of U.K. insurer Aviva PLC, as its next chairman.

Mr. McFarlane will join the board on Jan. 1 and replace David Walker as chairman at next year's annual general meeting, the bank said.

He will step down from the boards of Aviva and FirstGroup PLC, a transport operator where he is also chairman, next year.

Barclays shares traded two pence, or 1%, higher at 228 pence shortly after the announcement.

Aviva said Adrian Montague would replace Mr. McFarlane as its chairman.

Write to Ed Ballard at ed.ballard@wsj.com

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