Barclays is finally beginning the hiring process after multiple members of its management team resigned in the wake of the Libor scandal. The company announced David Walker will serve as its new chairman.
David Walker is the former Bank of England deputy governor. According to Bloomberg, he is also a senior adviser to Morgan Stanley, and headed a review of the British banking industry under former Prime Minister Gordon Brown in 2009. Walker will be replacing Chairman Marcus Agius.
His term as chairman will start on November 1st. Walker's first order of business will be to hire a new CEO to replace Robert Diamond. For more on the latest business news, follow us on Twitter @FNNOnline.