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The Barclays Four: Who are the bankers charged with fraud?

Barclays former investment banking chief Roger Jenkins and model Elle Macpherson: Stephanie Green/Bloomberg via Getty Images
Barclays former investment banking chief Roger Jenkins and model Elle Macpherson: Stephanie Green/Bloomberg via Getty Images

The Barclays Four comes from a variety of units across across the bank, from wealth management to investment banking. But who are they?

John Varley, 61: Now on the board of miner Rio Tinto, Varley has kept a low profile since leaving Barclays. A lawyer who rose through the ranks at Barclays, he became chief executive in 2004. His connections to the bank are deep. He married into the Quaker Pease family, whose bank merged into Barclays in 1902. He made an audacious £45 billion bid for Dutch bank ABN Amro in 2007 but lost out to Royal Bank of Scotland. His position at Rio is unclear. The company declined to comment but the issue is likely to crop up its next board meeting.

Roger Jenkins, 61: Once regarded as the best-paid banker in London — a title for which he vied with colleague Bob Diamond — Jenkins is one of the more glamorous financiers. An expert in tax arbitrage, he has run his own consultancy since leaving Barclays. He has been linked to numerous famous women including Venezuelan TV presenter Aida Yespica and the model Elle Macpherson. Well-connected and charismatic, Jenkins is a backer of an investment fund that has bought land in California to grow marijuana.

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Thomas Kalaris, 61: The American former boss of Barclays’ wealth management arm, Kalaris set up a fund business called Saranac Partners, hiring several Barclays alumni. The future of the venture is unclear in light of today’s criminal charges. Regarded as one of the “four musketeers” during the Diamond era. Saranac has attracted big names in wealth management to lead the launch. They include former head of BlackRock’s fiduciary team Richard Urwin, who is chairman of Saranac’s investment committee.

Richard Boath, 58: The former global co-head of finance is still pursuing a wrongful dismissal claim against Barclays. Boath claims he was sacked for whistleblowing over the Qatar matter. The SFO handed over transcripts of what he said to them. His lawyer Jonathan Cohen said in 2016: “That’s why he was out on his ear.” Boath said: “The decision to charge me is based on a false understanding of my role and the facts. I was not a decision-maker and had no control over what the bank did in 2008. l contest these charges vigorously.”