Barclays has announced the appointment of Alistair Currie as chief operating officer.

Currie will replace Mark Ashton-Rigby in part of a management reshuffle under chief exec C.S. ‘Venkat’ Venkatakrishnan, who is currently undergoing treatment for non-Hodgkin lymphoma while continuing to execute his duties.

The Scotland-born Currie who previously spent 18 years at HSBC will also run Barclays Execution Services (BX) – the Group-wide service company providing technology, operations and functional services to businesses across Barclays. He initially joined Barclays in 2017.

Replacing Currie as head of Barclays’ consumer banking and payments business is Vim Maru, who joins from Lloyds where he served as group director of retail banking. Both appointments will take effect in February 2023.

Venkat last month indicated that Barclay’s focus on investment banking "may shrink relative to the rest of” the company, marking a significant shift from previous CEO Jes Staley who was a vocal advocate for the riskier investment business.

Barclays is still reeling from an error made earlier this year after it was fined for selling more securities than it was allowed to in the US.

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