By Adria Calatayud

 

Barclays PLC (BARC.LN) said Thursday that it has appointed Dawn Fitzpatrick, currently chief investment officer of Soros Fund Management LLC, and Mohamed A. El-Erian, chief economic adviser at Allianz SE (ALV.XE), to its board.

Ms. Fitzpatrick joined the Barclays board on Wednesday, while Mr. El-Erian will join on Jan. 1, 2020, the U.K. bank said. Barclays said these appointments seek to strengthen its board.

The lender also said it has consolidated membership of the board of its subsidiary Barclays Bank PLC with that of the group board to create a simpler, more efficient governance structure.

Furthermore, Barclays said it has reallocated responsibilities of its reputation committee, including for the oversight of the compliance function, between its main board and its risk committee.

 

Write to Adria Calatayud at adria.calatayudvaello@dowjones.com

 

(END) Dow Jones Newswires

September 26, 2019 02:58 ET (06:58 GMT)

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