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Barclays to appoint i-bank head externally

BarclaysPlc is looking externally to fill the position of the head ofcorporate and investment banking, Chairman John McFarlane said at the lender'sannual shareholder meeting April 28.

The external hire will replace Tom King, who retired March 4. Thebank was previously reported to be inclined to hire an external candidate asKing's successor.

King told colleagues he did not want to be subject to the U.K.'s senior managersregime, "people with knowledge of the plans" told Bloomberg News atthe time.