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BoE's Thorburn to join board of Barclays' ring-fenced unit

A member of the Bank of England's Prudential Regulation Committee is departing to become chair of the board risk committee at Barclays Plc's Barclays Bank UK.

David Thorburn will serve as a nonexecutive director of the bank, which is to be the U.K. lender's ring-fenced unit under legislation requiring banks to separate retail activities from riskier business.

Thorburn resigned from the PRC with a view to returning to the private sector, and will complete the board composition at Barclays Bank UK. He is a former CEO of Clydesdale Bank Plc.