Barclays has appointed Richard Daniel as the banking giant’s first ever chief operating officer (COO) for legal and compliance.
Daniel, the former business risk director of Barclays’ international banking arm, takes up his new post today (1 December). In his new role Daniel will be responsible for managing Barclays’ relationships with external legal advisers and the bank’s legal panel.
His appointment follows a radical internal restructure in April, which resulted in Barclays’ legal department taking over the bank’s compliance functions.
The shake-up, which was led by Barclays’ group general counsel Mark Harding also saw the abolition of the role of director of legal operations – a position previously occupied by Bjarnie Anderson.
It is understood that Anderson was offered the new role but opted to leave the bank after two-and-a-half years at Barclays. Canadian-born Anderson is currently exploring new opportunities on both sides of the Atlantic.