Barclays PLC has announced the appointment of Bob Hoyt as Group General Counsel. He will succeed Mark Harding in this role, whose intention to retire was announced in February 2013.
Mr Hoyt is expected to take up his role in mid-October, while Mr Harding will retire from Barclays after an appropriate handover period. Mr Hoyt will be a member of the Executive Committee and report directly to Group Chief Executive, Antony Jenkins.
Mr Hoyt joins Barclays from PNC Financial Services Group, where he is General Counsel and Chief Regulatory Affairs Officer, having previously served as Deputy General Counsel since 2009. Prior to that he held roles in public service as General Counsel at the US Department of the Treasury from 2006 to 2009, and as Special Assistant and Associate Counsel at the White House. Mr Hoyt spent much of the early part of his career in private practice, specialising in securities, litigation and corporate.
Commenting on the appointment, Antony Jenkins, Group Chief Executive, Barclays said:
“I’m delighted to welcome Bob to Barclays. His breadth of experience, having worked at senior levels in both industry and Government, means he is exceptionally well prepared to take on the challenge of leading our legal function and contributing as a member of the Executive Committee of Barclays.
“Banking is a highly regulated industry, the legal matters we face are myriad and complex, and it was important that we recruited a strong leader to succeed Mark, to continue the development of a world-class function to help us manage these challenges. In Bob we believe we have found such a leader.
"His appointment also completes my new Executive Team, the team who will deliver our Transform programme and drive us towards our goal of becoming the 'Go-To' bank.
“Finally, I want to pay tribute to the contribution which Mark Harding has made during his decade in the role as General Counsel. I thank him for his support, unfailingly sage advice and hard work. We wish him well in his retirement.”
Bob Hoyt, Group General Counsel designate, Barclays said:
“I am looking forward to taking up my new post leading Barclays’ legal function and playing my part in Antony’s leadership team. This is an important period for Barclays as it works toward its goal of becoming the ‘Go-To’ bank. I have no doubt there will be many challenges, and opportunities, ahead and I am excited at the prospect of working with my new colleagues in London and around the world.”
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