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Archibald Cox, Jr. Steps Down as Chairman of Barclays Americas


June 8, 2011 - New York, United States

Archibald Cox, Jr. has announced that on June 30th he will step down as Chairman of Barclays Americas to focus on a number of outside interests.

Mr. Cox joined Barclays three years ago after a long and distinguished career in the global financial services industry that included positions as Chief Executive Officer of Morgan Stanley International and President and Chief Executive Officer of CS First Boston Corporation. From 1995 until 2005 he was President and CEO of Magnequench, Inc., a manufacturer of rare earth magnetic materials and magnets.

In his role as Chairman of Barclays Americas Mr. Cox has worked closely with the leadership of the firm, enhanced client relationships, deepened the investment banking platform in the U.S., Brazil and Mexico, and been a strong voice in Washington on financial regulation.

“Archie joined Barclays at an historic time for both our firm and the industry. He played a key role in our acquisition of Lehman Brothers’ North American assets and was an instrumental part of the management team that guided the firm through the credit crisis so that we remained profitable throughout and are today in a stronger strategic position. Through his service and dedication, Archie has made our business in the Americas stronger and more effective,” said Bob Diamond, the Chief Executive of Barclays.

“The last three years have been among the most challenging in the history of the financial services industry,” Mr. Cox said. “I am proud to have been a part of the Barclays leadership team that saw the Bank through the worst of the global financial crisis in exceptional shape. It is ample testimony to the strength and resilience of Barclays PLC and to the resourcefulness of the deep pool of management talent that was able to step-up when needed to bring a measure of stability to the global banking system at a time of dire need.”

“I remain extremely enthusiastic about Barclays’ opportunities for growth in the Americas. The leadership team here is even stronger now than it was three years ago. The Bank continues to stand out for its commitment to clients, high ethical standards and world-class execution. These qualities are now more than ever in demand as clients face the myriad demands of today’s volatile markets in a turbulent global economy. The Bank continues to have ambitious growth plans in the Americas and I trust I have contributed to Barclays’ progress in achieving these goals."

About Barclays

Barclays is a major global financial services provider engaged in retail banking, credit cards, corporate and investment banking and wealth management with an extensive international presence in Europe, the Americas, Africa and Asia. With over 300 years of history and expertise in banking, Barclays operates in over 50 countries and employs over 144,000 people. Barclays moves, lends, invests and protects money for 48 million customers and clients worldwide.

For further information about Barclays, please visit our website www.barclays.com

CONTACTS : Barclays Capital Michael O'Looney, +1-212-412-5876 Michael.O'Looney@barcap.com

Source: Business Wire India

BusinessWireIndia

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