Marcus Agius

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Marcus Agius
Marcus Agius at the CBI Climate Change Summit 2008.jpg
Agius speaking at the CBI Climate Change Summit 2008
Born Marcus Ambrose Paul Agius
(1946-07-22) 22 July 1946 (age 67)
United Kingdom
Alma mater Trinity Hall, University of Cambridge (BA, MA)
Harvard Business School (MBA)
Occupation Group Chairman of Barclays[1]
Spouse(s) Katherine de Rothschild
Children 2

Marcus Ambrose Paul Agius (/ˈəs/; born 22 July 1946)[2] is a British financier and former Group Chairman of Barclays.[3] He currently serves on the BBC's new executive board as a senior non-executive director.[4]

Early life and education[edit]

Agius is the son of Ena Eleanora (née Hueffer) and Lieutenant Colonel Alfred Victor Louis Benedict Agius.[5] He is of part Maltese descent,[6] and was educated at St George's College, Weybridge. He earned his degree in Mechanical Sciences and Economics at Trinity Hall, Cambridge,[4] and also holds an MBA from Harvard Business School.

Career[edit]

Early career and Lazard (1972 - 2006)[edit]

Marcus' banking career began at the investment bank, Lazard, where he worked from 1972 to 2006 holding several senior positions. He was appointed as the Chairman of the London branch of Lazard in 2001 and Deputy Chairman of Lazard LLC in 2002.[7]

He joined BAA PLC as a non-executive Director in 1995 and served as its Chairman from 2002 till 2006.

Barclays Board and Chairman (2006 - 2012)[edit]

On 1 September 2006, Agius joined the Barclays board as a non-executive Director and succeeded Matthew Barrett as Chairman from 1 January 2007. His most recently reported salary was £750,000.[8]

On 2 July 2012 it was announced that Agius would resign following the Barclays fine for manipulation of the London Interbank Offered Rate (Libor) by some Barclays employees in the Libor scandal.[3][9] However, in November 2012, it was reported in the press that he might be retained as a consultant.[10]

On 3 July 2012 it was announced that Agius was reinstated as "full-time chairman", following the resignation of CEO Bob Diamond.[11] Agius will serve as chairman until a new chief executive is appointed.[11] During his time at Barclays Aguis attended the 2011 meeting of the Bilderberg Group.[12]

British Bankers Association (2010 - Present)[edit]

Since 2010, Agius is the chairman of the British Bankers Association (BBA).[2] Libor (formally BBA LIBOR) being calculated and published by Thomson Reuters on behalf of the BBA.

Board memberships[edit]

From December 1, 2006, he is serving as a non-executive director in the BBC's new Executive Board. He is also the Trustee of the Royal Botanic Gardens, Kew and is Chairman of the Kew Foundation.[4][7] He is also one of the three current trustees of the Bilderberg Group.[13]

Personal life[edit]

Marcus, a Roman Catholic,[14] married Katherine (born 1949), daughter of Edmund de Rothschild of the Rothschild banking family of England and has a close involvement with the Rothschild family estate, Exbury Gardens in Hampshire. They have two children.[15] In 2010 The Tablet named him as one of Britain’s most influential Roman Catholics.[16]

He is also a passionate gardener and art collector.[17]

References[edit]

  1. ^ Barclays. "Barclays.com - Marcus Agius biography". Retrieved 7 July 2012. 
  2. ^ a b "Marcus Agius Biography". Debrett's. Retrieved 21 June 2011. 
  3. ^ a b "Barclays bank chairman Marcus Agius to resign". BBC News. 2 July 2012. Retrieved 2 July 2012. 
  4. ^ a b c BBC appoints first non-executive director
  5. ^ "Debrett's People Of Today 2012: AGIUS, Marcus Ambrose Paul". Debrett's. Retrieved 7 July 2012. 
  6. ^ John Azzopardi Vella (22 June 2012). "Does Marcus Agius have a bruised Rothschild ego?". The Sunday Times. Retrieved 6 July 2012. 
  7. ^ a b BBC Board Bio - Marcus Agius
  8. ^ "Marcus Agius profile". Forbes.com. Forbes. Retrieved 7 August 2009. 
  9. ^ "Libor scandal: Who might have lost?". BBC News. 28 June 2012. Retrieved 2 July 2012. 
  10. ^ http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/9684751/Marcus-Agius-could-return-to-Barclays-as-consultant.html
  11. ^ a b "Board changes" (Press release). Barclays. 3 July 2012. Retrieved 3 July 2012. 
  12. ^ "Bilderberg 2011: The Good, The Bad, and the Incredibly Wealthy". The Guardian. 15 June 2011. 
  13. ^ http://www.guardian.co.uk/world/2013/jun/02/week-ahead-bilderberg-2013-watford
  14. ^ Heretics to heroes: how Rome went mainstream
  15. ^ Denaro, Marie (2003). Daughter of an Empire. A Family History. St. Julian's, Malta: David Arrigo Publishing. ISBN 99932-656-0-8. , p.226
  16. ^ "The Tablet's Top 100". 
  17. ^ The Top five in Finance
Business positions
Preceded by
Matthew Barrett
Group Chairman of Barclays plc
2006–2012
Succeeded by
Sir David Walker