Barclays’ deputy chairman Sir Mike Rake is set to step down from his role by the end of 2015 to become chairman of payments processing firm Worldpay, which was formerly owned by RBS.
Rake will assume his new role in September, succeeding John Allan who will remain on its board as a non-executive director.
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The move comes days after Barclays sacked its CEO Antony Jenkins and replaced him with chairman John McFarlane on an interim basis.
The bank has not yet decided to promote another board member to the job, or to appoint a new non-executive directly to this senior role.
Sir Mike Rake joined the Barclays board in January 2008 as a non-executive director and was later named as deputy chairman in 2012.
A Barclays spokesperson said: "Sir Michael intends to continue in these positions, and be a member of the board, until at least the end of 2015. If and when he stands down from the Barclays board, a new senior independent director will of course have been appointed."
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By GlobalDataEarlier, Mike worked for 30 years with KPMG as senior partner of the UK firm and chairman of KPMG International. He was formerly the chairman of the UK Commission for Employment and Skills, chairman of business in the community, chairman of easyJet, and a director of the Financial Reporting Council.
Rake is also currently the chairman of BT Group and served as the chairman of the CBI, the British business organisation, from June 2013 until this year.
