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Barclays appoints new chairman of American division

Barclays, a provider of financial services, has appointed Archibald Cox as chairman of Barclays Americas.

Mr Cox will join Barclays in early May 2008, and will report to Barclays president Robert Diamond. He will be a member of the Barclays Investment Banking and Investment Management (IBIM) executive committee. Mr Cox succeeds Chet Feldberg who is retiring this year after serving as Barclays Americas chairman since May 2000.

Mr Cox said: I am extremely enthusiastic about joining Barclays and its strong leadership team. Barclays stands out for its commitment to clients, high ethical standards and world-class execution. These qualities are now more important than ever as clients navigate challenging markets and an evolving global economy.