The Barclays era dawns
Frits Seegers has a mission to turn Barclays into a global retail and commercial banking powerhouse.
"It took Barclays 300 years to get to 30 million customers. We’ll be at 60 million within four years"
Frits Seegers, Barclays
Between Bob Diamond driving the build-up of Barclays Capital on the one side and Frits Seegers driving the build-up of global retail and commercial banking on the other, John Varley must occupy one of the most interesting seats in global banking, if not always the most comfortable one.Entering his 14th year at the bank, Diamond is the long-serving head of a new entity, very much his own creation and that of a few trusted colleagues. Meanwhile if Seegers is heir to Barclays’ 300-year tradition as a retail and business bank, he shows no great respect for history but rather plenty of Diamond’s drive and ambition, if a little less of his easy bonhomie.