John Silvester Varley

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John Silvester Varley
Born (1956-04-01) 1 April 1956 (age 58)
Warwick
Nationality British
Alma mater Oriel College, Oxford
Spouse(s) Carolyn Thorn Pease

John Silvester Varley (born 1 April 1956, Warwick) is an English banker, and former Group Chief Executive of Barclays Bank.

Early life[edit]

His father, Philip, was a solicitor in Coventry. Varley was educated at the Catholic Downside School[1] at Stratton-on-the-Fosse south of Bath, becoming head librarian, then at Oriel College, Oxford (MA History),[1] and London's College of Law.[citation needed]

Career[edit]

He became a solicitor with Frere Cholmeley (which became Frere Cholmeley Bischoff and was then bought by Eversheds in 1998) in 1979.

Varley joined Barclays in 1982, as part of the Corporate Finance Department of the then Barclays Merchant Bank. Senior appointments with the successor bank, BZW (now Barclays Capital), included Deputy Chief Executive of BZW's Equity Division and head of BZW's offices in South East Asia. In 1995 he became Chairman of the Asset Management Division and from April 1998 to October 2000 was Chief Executive, Retail Financial Services. He joined the main Barclays board on 5 June 1998 and was Group Finance Director from 2000 until the end of 2003.

On 1 January 2004, Varley became Group Deputy Chief Executive, and on 1 September 2004 he succeeded Matt Barrett as Group Chief Executive of Barclays. His annual salary from Barclays was £1,075,000.[2] On 1 January 2011 he was succeeded as Chief Executive by Robert Diamond.

As of 2013, Varley was a trustee of The Prince of Wales's Charitable Foundation.[3]

Personal life[edit]

In 1981 he married Carolyn Thorn Pease, daughter of Sir Richard Thorn Pease, and in so doing married into the Quaker Pease family, whose bank became part of Barclays in 1902. They have a daughter (born May 1989) and son (born December 1994). They live in Brook Green in Hammersmith, West London, and also own a country house in Hampshire.

References[edit]

  1. ^ a b Treanor, Jill (2007-06-15). "Ping pong-playing banker chases a world ranking". The Guardian. Guardian Media Group. Retrieved 2008-01-08. 
  2. ^ "John Varley Profile". Forbes.com. Forbes. Retrieved 7 August 2009. 
  3. ^ "About Us," The Prince of Wales's Charitable Foundation, accessed 1 May 2013.

External links[edit]

News items[edit]

Business positions
Preceded by
Matthew Barrett
Group Chief Executive of Barclays plc
2004–2010
Succeeded by
Bob Diamond