Barclays has appointed a former senior US government
advisor Bob Hoyt as the UK-listed bank’s as group general counsel. He will
succeed Mark Harding in this role, whose intention to retire was announced in
February.

Hoyt is expected to take up his role in mid-October, while Harding
will retire from Barclays after an appropriate handover period. Hoyt will be a
member of the executive committee and report directly to group chief executive,
Antony Jenkins.

This is not the first time that Barclays has hired a former
senior public sector figure to work in areas related to regulation, an issue
that Barclays has had to face since former CEO Bob Diamond and others resigned
a year ago amid the LIBOR-rigging scandal. Hector Sants was appointed last
December, to the newly-formed role of head of compliance and government and
regulatory relations at Barclays. Sants was previously CEO of the UK’s Financial
Services Authority, a post he held from 2007 to June 2012. A number of other
firms have also bolstered their regulatory and compliance-related teams with
ex-senior regulators and public sector figures.

Barclays said that at PNC Financial Services Group, Hoyt was
general counsel and chief regulatory affairs officer, having previously served
as deputy general Counsel since 2009.  Prior
to this, he held roles in public service as general counsel at the US
Department of the Treasury from 2006 to 2009, and as special assistant and associate
counsel at the White House. Mr Hoyt spent much of the early part of his career
in private practice, specialising in securities, litigation and corporate,
Barclays said in a statement.

“Banking is a highly regulated industry, the legal matters
we face are myriad and complex, and it was important that we recruited a strong
leader to succeed Mark, to continue the development of a world-class function
to help us manage these challenges. In Bob we believe we have found such a
leader.” Jenkins said.

"His appointment also completes my new executive team,
the team who will deliver our Transform programme and drive us towards our goal
of becoming the 'Go-To' bank,” he added.