Former Barclays boss tipped to be L&G chairman
Legal & General (L&G) is to hire John Stewart, the former deputy chief executive of Barclays, as its chairman to replace Rob Margetts, The Times reports.
Stewart ran the Woolwich building society until its takeover by Barclays in 2000. He left Barclays in 2003 to become chief executive at National Australia Bank. He is expected to take up his new job in January.
Sir David Walker, the insurer’s senior independent director, has already begun canvassing shareholders over the prospective appointment.
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