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In Section 1:
Introduction

Chairman's Statement

Group Chief Executive's Statement

Financial Performance
Group Finance Director


The Leadership Team


Matthew W Barrett Roger Davis Bob Diamond Gary Dibb Gary Hoffman
Bob Hunter Naguib Kheraj Chris Lendrum Robert Nimmo David Roberts
John Varley David Weymouth Click on the photos of the Leadership
Team to read their biographies.



1 Matthew W Barrett, Group Chief Executive was appointed Group Chief Executive on 1st October 1999. He came to Barclays PLC from Bank of Montreal, where he was Chairman, CEO and Chief Operating Officer during his 37-year career. He also filled senior management positions in Retail Banking, International Banking and Treasury. In 1994, he became an Officer of the Order of Canada, the country’s highest civilian honour.
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2 Roger Davis, Chief Executive, Business Banking was appointed CEO of Business Banking in June 2001 and became a member of the Group Executive Committee in February 2003. He was formerly Chairman and CEO of Barclays Capital, Asia Pacific, and a member of the Barclays Capital Executive Committee. He joined the bank in November 1996 from Robert Fleming and Co, where he was a member of the Board of Jardine Fleming Holdings and Managing Director of Jardine Fleming India. Previously, he spent 12 years in the British Army.
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3 Bob Diamond, Chief Executive, Barclays Capital was appointed to his current role in October 1997. He became Chairman of Barclays Global Investors in August 2002. He joined Barclays in 1996 and was appointed to the Group Executive Committee in 1997. Prior to that he was Vice Chairman and Head of Global Fixed Income and Foreign Exchange at CSFB. Previously, Bob spent 13 years at Morgan Stanley.
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4 Gary Dibb, Group Chief Administrative Officer is responsible for Human Resources, Marketing, Communications, Strategic Planning, Public Policy and Group Property Services, plus the implementation of value based management. He joined Barclays in February 2000 as Group Director of Strategic Planning and Corporate Development. Previously, he was Vice-Chairman of Bank of Montreal and, before that, owned and operated his own strategy and organisational development consulting firm.
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5 Gary Hoffman, Chief Executive, Barclaycard was appointed in September 2001. He joined Barclays in 1982 from Cambridge University and has held a variety of management positions and project leadership roles. Prior to his appointment at Barclaycard, Gary was on the Executive Committee of Retail Financial Services and a member of the Group Operating Committee.
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6 Bob Hunter, Chief Executive, Barclays Private Clients joined Barclays in May 1999 to lead the division serving affluent and high net worth clients around the world. He joined the Group Executive Committee two months later. Previously, Bob spent 28 years with Chase Manhattan Bank and in 1996 he took up a new position as President of Standard and Poors' Information Service. Bob will retire from Barclays in 2003.
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7 Naguib Kheraj, Chief Executive, Barclays Private Clients will be appointed to the Group Executive Committee on 31 March 2003, when he takes over from Bob Hunter. Naguib joined Barclays Capital in 1997 as Chief Administrative Officer and he has served as Global Head of Investment Banking and Deputy Chairman of BGI. Previously, he was at Robert Fleming where he was Co-Head of Global Capital Markets and a member of the Executive Committee. Naguib has also held the posts of Managing Director and Chief Financial Officer for Europe at Salomon Brothers.
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8 Chris Lendrum, Group Executive Director, joined the Board in 1998. He joined Barclays Bank in 1969 and assumed his current portfolio of responsibilities (including Group Corporate Social Responsibility, Barclays Africa and South American Corporate Banking) in 2003. He had previously been Chief Executive of Corporate Banking since 1998, prior to which he had held a number of senior positions within the Group.
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9 Robert Nimmo, Group Risk Director joined Barclays as Group Risk Director and became a member of the Group Executive in January 2002. Previously, he was Chief Risk Officer of First Union Corporation in North Carolina and a member of the Corporation’s Operating Committee. Prior to that he was Chief Risk Officer of Westpac Banking Corporation and held senior business management and risk management positions for Citicorp/Citibank in the US, Australia, Japan, Hong Kong, Philippines and Greece.
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10 David Roberts, Chief Executive, Personal Financial Services became CEO, PFS in June 2001, when he was also appointed to the Barclays Group Executive Committee. Previously he was CEO, Business Banking. Since joining Barclays in 1983, David has also been Managing Director, Markets and Solutions, Corporate Banking, responsible for marketing, product management and two pan-european asset finance businesses.
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11 John Varley, Group Finance Director was appointed Group Finance Director of Barclays PLC in November 2000. He joined the Group Executive Committee in September 1996 and became an Executive Director of both Barclays PLC and Barclays Bank PLC in June 1998. Prior to this, he held positions including CEO, Retail Financial Services and Chairman of the Asset Management Division. He was also Deputy Chief Executive of BZW’s Equity Division and head of BZW’s offices in South East Asia.
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12 David Weymouth, Chief Information Officer, joined the Group Executive Committee in February 2000 when he was appointed Chief Information Officer, responsible for overseeing technology capabilities across the Group. David has been with Barclays since 1977 and has held positions including Managing Director, Service Provision for Retail and Corporate Banking. He was also Chief Operating Officer, Corporate Banking and UK Risk Management Director.
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