Scottish heavyweight becomes Barclays UK Chief Executive

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Scottish businessman Crawford Gillies has been appointed by banking giant Barclays as the new chairman of its UK division, replacing Sir Ian Cheshire.

On Jan. 1, Gillies, the former chairman of Scottish Enterprise and the British Business Confederation, will take up the post. To ensure a smooth transition, Mr. Cheshire will remain on the board until the annual general meeting in May.

Mr. Gillies is currently the chairman of the whisky company Edrington, whose brands include Macallan and Popular Grouse. He also recently retired from the board of the energy company SSE, where, until the end of September, he worked as senior independent director.

Top non-exec portion routes with SSE Energy Group

Barclays said Mr. Cheshire is stepping down “with regret” as he is “unable to accommodate the increased time commitment” to help the group’s initiative to assist clients in a low interest rate setting against the backdrop of a recovering economy from the pandemic.

Brian Gilvary, who will also join the risk and appointments committee from Jan. 1, will fill Gillies’ current position as Barclays’ senior independent director and chairman of the remuneration committee.

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