Barclays' Group Finance Director Tushar Morzaria to Retire

Barclays announces that Tushar Morzaria has decided to retire as Group Finance Director and as an Executive Director of Barclays PLC and Barclays Bank PLC, in each case with effect from 22 April 2022. He will be succeeded by Anna Cross, currently Deputy Group Finance Director, who will take up the role of Group Finance Director subject to regulatory approval, and join the Boards of Barclays PLC and Barclays Bank PLC as an Executive Director, in each case with effect from 23 April 2022. Anna will also join the Group Executive Committee, reporting to Group Chief Executive C.S. Venkatakrishnan (known as Venkat).

Tushar will provide continued support to Venkat as an adviser to the Group Chief Executive, and will help ensure a smooth transition to Anna, as well as supporting the Group's business with financial institutions as Chairman of Global Financial Institutions Group in the Investment Bank.

Group Chairman, Nigel Higgins said: "The Board is delighted to have, in Anna Cross, such a strong internal successor. Anna was identified over a year ago as the Board's preferred successor, following a review of potential internal and external candidates.

Tushar has been an invaluable member of the senior management team at Barclays since 2013, when he joined as Group Finance Director. He has played an immense role in the rebuilding of the Group's financial and operational resilience. The Board is grateful for his hard work and is delighted that he will have a continuing role with Barclays."

Anna joined the Group in 2013 and has been Deputy Group Finance Director since July 2020. Prior to this, she was Group Financial Controller and before that Chief Financial Officer, Barclays Bank UK PLC. A qualified chartered accountant, Anna has held finance roles at Lloyds Banking Group, Halifax Bank of Scotland, and ASDA.