Barclays PLC and Barclays Bank have appointed Dambisa Moyo as a non-executive director to boards of Barclays and Barclays Bank, effective May 1, 2010.
Ms Dambisa has a financial services background, having worked for both Goldman Sachs and the World Bank. She worked for the World Bank in the Europe and Central Asia and Africa Departments from 1993 to 1995.
Ms Dambisa worked for Goldman Sachs for eight years until November 2008 in the debt capital markets, hedge funds coverage and global macroeconomics teams. She has written and lectured on subjects around international economics and global development issues. She is currently serving as a non-executive director on the boards of SABMiller and Lundin Petroleum.
Marcus Agius, chairman of Barclays, said: “I am delighted that Dambisa is joining Barclays. Her background in financial services and as a global economist will bring valuable insight to the Barclays board.”
Unusual choice for Barclays’ board
The Zambian will be the only woman on the bank’s board when she joins on May 1.
Chairman Marcus Agius says ‘her background in financial services and as a global economist will bring valuable insight to the Barclays board.’
Moyo is a slightly unusual choice in that she has not held a traditional role within a major corporate firm, however the last female hired to work on the Barclays board was journalist Patience Wheatcroft.
Moyo worked for the World Bank from 1993 to 1995, before embarking on a PhD in Economics. She then worked at Goldman Sachs for eight years until November 2008. Since then she has been writing and lecturing. She is also a non-executive director at SABMiller and Lundin Petroleum.
[This is Money – part of the Daily Mail]