Barclays has appointed Antony Jenkins, its head of retail and business Banking, as chief executive officer in succession to Bob Diamond.
Jenkins' insider status and consumer banking experience are expected to help Barclays which has been under fire over the Libor fixing scandal.
Barclays, which lost its three top executives to the Libor scandal earlier, named former Bank of England executive director David Walker as its chairman.
"It was clear that Antony was the outstanding choice. His track record, familiarity with the group and vision for the future are all highly compelling," Walker told Reuters.
The CEO announcement follows an investigation into Barclays by the Serious Fraud Office (SFO). The SFO probe relates to payments between the bank and Qatar Holding LLC, part of sovereign wealth fund Qatar Investment Authority, during the 2008 banking crisis.