ANZ's Mike Smith eyed for Barclay’s top job

by Caroline Dann09 Jul 2012

ANZ chief executive Mike Smith is rumoured to be in the running to replace former Barclays chief Bob Diamond, claims The Wall Street Journal

Diamond and chairman Marcus Agius resigned last week in the wake of claims the bank had manipulated interest rates during the 2008 crisis. 

Mike Smith is among several top CEOs Barclays is considering to replace Diamond, in a hunt that’s international in scope.
An unnamed source told the Wall Street Journal Barclays had hired global executive-search firm Spencer Stuart to find a replacement within three months.
ANZ has enjoyed renewed success in Asia recently, as a result of its aggressive expansion in the region. Many believe another sudden departure of its CEO would impact negatively on the bank.
Smith’s predecessor, John McFarlane, left ANZ in 2007 to take up the London-based post of executive chairman of wealth management firm Aviva.