Barclays Plc has promoted Makram Azar to Chairman of Banking for Europe, Middle East and Africa (EMEA) in an expansionary role, according to a Barclays’ statement.
In his new role as the Chairman of Banking – EMEA, Mr. Azar will primarily be consolidating his efforts on strengthening senior client relations, whilst collaborating with the senior management team to implement a comprehensive company strategy across the EMEA region.
Mr. Azar originally joined Barclays back in 2010, having most recently been appointed as chairman of all Barclays’ businesses and activities in both the Middle East and North Africa. Despite his new promotion, he will maintain this role in its entirety.
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The bank also made a series of promotions in the EMEA region, tapping Sam Dean and Crispin Osborne as the Co-Heads of Banking, Investment Bank for the EMEA. This role had been left vacant for roughly a year, following Richard Taylor’s new position in the bank’s global oversight of the business.
According to a recent Barclays statement on the appointment, “We have made good progress in EMEA, but we need to take our business further forward. Deepening our client relationships in EMEA at the most senior levels, with additional intensity and focus, and ensuring our capital is fully aligned with our priority clients will be major objectives for the new leadership team.”
Earlier this month, Barclays Plc’s Head of Markets, Eric Felder stepped down and relinquished his role as the bank’s head of markets after only one year on the job.