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Barclays has announced Debenhams chairman Sir Ian Cheshire will become the head of its new ring-fenced bank, which is being set up to handle UK retail operations and satisfy tough new regulations.

Barclays will this week announce the appointment of Sir Ian Cheshire as chairman of its UK-based operations, a key milestone in its planning for new rules aimed at protecting taxpayers in a future ...

Ian Cheshire has been confirmed as the chairman of the new Barclays UK ring-fenced bank, the lender said today. Sir Ian will also become a non-executive director of Barclays from 3 April.