Some of Barclays top investors have said they want to see a shake-up of the board
Barclays’ incoming chairman is under immediate pressure to shake-up the bank’s board as major shareholders push for fresh faces at the top.
Rothschild veteran Nigel Higgins, who replaces John McFarlane in May, has kicked off discussions with the bank’s top investors to discuss the FTSE 100 lender’s future. The low-profile banker is holding a string of one-on-one meetings in the month ahead as activist investor Edward Bramson seeks backing for a board seat.
One top five investor, who asked not to be named, said that while he is on the fence about Mr Bramson he would welcome “fresh eyes” on the board to look at the bank’s strategy “in the cold light of day and say, ‘hang on a second, are we…