Barclays appoints new pay chief

Press Association
File photo dated 05/02/13 of a branch of Barclays Bank. Barclays will close a quarter of its 1,600 branches in the UK and cut hundreds of investment banking jobs as it aims to slash costs to meet targets, it is reported. PRESS ASSOCIATION Photo. Issue date: Wednesday January 29, 2014. See PA story CITY Branches. Photo credit should read: Joe Giddens/PA Wire
File photo dated 05/02/13 of a branch of Barclays Bank. Barclays will close a quarter of its 1,600 branches in the UK and cut hundreds of investment banking jobs as it aims to slash costs to meet targets, it is reported. PRESS ASSOCIATION Photo. Issue date: Wednesday January 29, 2014. See PA story CITY Branches. Photo credit should read: Joe Giddens/PA Wire

%VIRTUAL-SkimlinksPromo%Barclays has announced a new director in charge of setting pay and bonuses as it moves to defuse a potential shareholder revolt at next week's AGM.

The bank, which paid out £2.38 billion in bonuses last year, said Crawford Gillies has been appointed to its board and will succeed Sir John Sunderland as chairman of its remuneration committee at a date to be set.