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Barclays to reshuffle board amid UK ring-fencing legislation

( March 19, 2018, 15:11 GMT | Official Statement) -- MLex Summary: Barclays is reshuffling its management board to align with the company’s post-ring-fencing structure. Under the UK’s ring-fencing legislation, Barclays is required to transfer its retail and small business operations into a new bank, Barclays Bank UK. Barclays Bank PLC will continue to own the group’s corporate and investment bank and international private banking and non-UK cards business. Barclays said the changes will take effect on or around Apr. 1, the same time the ring-fenced structure comes into effect.The statement follows...

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