Barclays Global Retail and Commercial Banking appoints Ahmed Khizer Khan as Chief Executive New Markets

Mr Khan joins Barclays form Citibank, where he has worked across several emerging markets. He most recently ran Citibank Global Consumer Bank in Pakistan.

In his new role, Mr Khan will be based in Dubai, UAE with responsibility for Barclays businesses in the growing markets of Egypt, UAE, France and India. This grouping of markets forms the basis of New Markets going forward.

Barclays, which has clearly stated its intention to generate at least 50% of its income from outside the UK, aims to be where the prospects for growth are greatest, and this means that it is increasingly looking to the world's growth economies. The appointment of Mr Khan into this role is a demonstration of Barclays commitment to recruiting top talent in order to enable it to accelerate its future growth.

Frits Seegers, Chief Executive, Barclays Global Retail and Commercial Banking says: "I am delighted to welcome Ahmed to Barclays. Ahmed has extensive experience in growing businesses in opportunity markets. As Barclays seeks to become one of the global players that leads the financial services industry, his knowledge will be invaluable in achieving this goal.

'Customers' needs are primarily local, but to improve our capability to meet these needs in an increasingly competitive market place requires a global perspective, Ahmed brings this to Barclays."