Barclays To Name McFarlane As New Chair

By Mark Kleinman, City Editor

Barclays is to name one of Scotland's most senior businessmen as its next chairman, recruiting from the FTSE 100 insurance giant Aviva.

Sky News has learnt that Barclays will name John McFarlane, chairman of Aviva and Aberdeen-based transport group FirstGroup, as Sir David Walker's successor later on Friday.

A former board member at Royal Bank of Scotland, Mr McFarlane will be replaced by an existing board member at Aviva, sources close to the insurer said.

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