3 July 2015
Barclays PLC and Barclays Bank PLC (Barclays) announces its intention to appoint KPMG as its auditor for the year ending 31 December 2017.
This follows a competitive tender process overseen by an Audit Tender Oversight Sub-committee of the Barclays' Board Audit Committee, resulting in a recommendation which was approved by theBarclays Board.
PricewaterhouseCoopers LLP ('PwC'), Barclays' current auditor, will continue in their role and will undertake the audit of Barclays until the year ending 31 December 2016, subject to reappointment by shareholders at the respective Annual General Meetings. The appointment of KPMG will be recommended to Barclays' shareholders for approval at the 2017 Annual General Meeting.
Tim Breedon, Chairman of the Barclays Audit Tender Oversight Sub-committee, said: 'Weare pleased to have conducted what I believe has been a very thorough, open and transparent audit tender process, a description of which can be found on the Barclays website (see note below). We thank PwC for their significant contribution as Barclays' auditors. We look forward to working withKPMG in the future.'
For further information, please contact:
Investor Relations Media Relations
Kathryn McLeland Candice Macdonald
+44 (0) 20 7116 5752 +44 (0)20 7116 4755
Note: A paper setting out the audit tender process is available here.
Barclays is an international financial services provider engaged in personal, corporate and investment banking, credit cards and wealth management with an extensive presence in Europe, the Americas, Africa and Asia. Barclays' purpose is to help people achieve their ambitions -in the right way.
With 325 years of history and expertise in banking, Barclays operates in over 50 countries and employs over 130,000 people. Barclays moves, lends, invests and protects money for customers and clients worldwide.
For further information about Barclays, please visit our website www.barclays.com.