Barclays bank unveils new chairman

Press Association

Sean Dempsey/PA Wire/Press Association Images

Sir David Walker - the City grandee who oversaw a review into bank governance for Gordon Brown - has been unveiled as the new chairman of Barclays.

Sir David, a former deputy governor of the Bank of England, will join as non-executive director from September 1 before succeeding Marcus Agius as chairman from November 1, Barclays said. Mr Agius announced his intention to resign in the wake of the Libor-rigging scandal that left Barclays' reputation in tatters and sent shockwaves through the entire industry.