Sants joins the bank’s executive committee and will report directly to group chief executive Antony Jenkins. He will take up the role on 21 January.
Barclays says Sants will oversee all compliance activities across Barclays and across all regions. It says this is the first time all compliance staff in the bank will report to one individual.
The bank adds that Sants will be directly accountable for the compliance performance of the bankand will be responsible for Barclays’s relationship with governments and regulators around the world.
Jenkins says: “With a huge wealth of private and public sector experience, and having most recently led one of the world’s pre-eminent regulatory authorities, I can think of no more suitably qualified person than Hector Sants to take on these challenges.
“I am delighted that he has agreed to join Barclays and to work with me and the executive committee on driving Barclays towards becoming the ‘go-to’ bank.”
Sants says: “I left the FSA with the intention of finding a role which would allow me to put into practice the experience I have gained in both the public and private sector. Taking on the responsibility of leading Barclays global compliance function, and overseeing the bank’s relationship with governments and regulators, gives me that opportunity.”