London - Sir David Walker has been appointed to succeed Marcus Agius as Chairman of Barclays.

He will join the board as a non-executive director in September and assume the position of Chairman in November.

Sir David has been an Executive Director of the Bank of England; Assistant Secretary at the UK Treasury; CEO of the Securities and Investment Board; and has held positions at a number of commercial banks. He is currently a senior adviser to Morgan Stanley, having twice been Chairman of its international operations.

Sir David said: "Barclays has a crucial role to play in ensuring that this country has a successful, well-governed banking industry."

His immediate priority, he stated, would be to appoint a successor to former Chief Executive Bob Diamond.