Former Clydesdale boss Thorburn to join Barclays UK board

Barclays Bank has announced the appointment of former Clydesdale Bank boss David Thorburn as a non-executive director and board risk committee chair.

Mr Thorburn, who is currently an independent non-executive of EY and was until recently an external member of the Bank of England’s Prudential Regulatory Committee, will bring significant retail & commercial banking and board-level experience to Barclays, the lender said.

Glasgow-born Thorburn, who is also a former vice-Chairman and Chairman of the Confederation of British Industry in Scotland and a past President of the Chartered Institute of Bankers in Scotland, as well as a former Director of Scottish Financial Enterprise, joined Clydesdale as a graduate trainee in 1984 before rising to the position of chief executive officer, a position he held between 2008 and 20011.

Announcing his latest appointment, Barclays non-executive director Sir Ian Cheshire said: “David’s understanding of financial services, breadth of experience, and proven track record will make him an invaluable member of the new Board.”

Mr Thorburn added: “I am delighted to be joining the Barclays Bank UK Board and to have the opportunity to help shape the new ring-fenced arm of Barclays. I’m confident that we can build on the strengths of this great business by ensuring a relentless focus on helping our 24 million customers.”

The Barclays UK business comprises retail banking (including Premier and Mortgages), business banking, Wealth and Investment Management UK and Barclaycard UK.

In addition to Mr Thorburn, the Board comprises:

Executive Directors:

Ashok Vaswani, Chief Executive Officer

Anna Cross, Chief Financial Officer

Independent Non-Executive Directors:

Sir Ian Cheshire, Chair

Michael Jary, Board Remuneration Committee Chair

Andrew Ratcliffe, Board Audit Committee Chair

Avid Larizadeh Duggan

Kathryn Matthews

Chris Pilling

Sir John Timpson CBE