Blooming Hec

12 December 2012 By George Hay Follow @gfhay

The UK bank has appointed the ex-FSA chief executive to a key compliance role. If Barclays moves on from its Libor woes, Sants’ image as a regulator who stood up to it before the scandal will be cemented. If it doesn’t, the bank will look crafty and he will look a stooge.

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Barclays has appointed Hector Sants, the former chief executive of the Financial Services Authority, as head of compliance and government and regulatory affairs.
Sants, 56, will join the bank’s executive committee and report directly to Barclays chief executive Antony Jenkins. He will oversee all compliance activities across the bank, including all regions in which the bank does business, and be responsible for ensuring the conduct of staff is consistent with Barclays’ purpose and values, the spirit and the letter of the law and the expectations of regulators.
Sants, who will also handle government and regulatory relations around the world, will take up his post on Jan. 21.

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