Richard Boath is a British banker, the former

Barclays Barclays PLC (, occasionally ) is a British multinational universal bank, headquartered in London, England. Barclays operates as two divisions, Barclays UK and Barclays International, supported by a service company, Barclays Execution Services ...

global co-head of finance.

Early life

Richard Boath is the son of a senior chemicals company executive , and a former Miss Manchester. He has a bachelor's degree in management science from the

University of Manchester The University of Manchester is a public university, public research university in Manchester, England. The main campus is south of Manchester city centre, Manchester City Centre on Wilmslow Road, Oxford Road. The University of Manchester is c ...

Career

Boath started his career in 1980 with

Bank of America The Bank of America Corporation (Bank of America) (often abbreviated BofA or BoA) is an American multinational investment banking, investment bank and financial services holding company headquartered at the Bank of America Corporate Center in ...

as a corporate banking account officer. In 1982, he joined Security Pacific, then in 1988,

Merrill Lynch Merrill Lynch, Pierce, Fenner & Smith Incorporated, doing business as Merrill, and previously branded Merrill Lynch, is an American investment management and wealth management division of Bank of America. Along with BofA Securities, the investm ...

, and in 1990

Salomon Brothers Salomon Brothers, Inc., was an American multinational bulge bracket investment bank headquartered in New York City. It was one of the five List of investment banks, largest investment banking enterprises in the United States and a very profitabl ...

, before joining Barclays in 2000, rising to co-head of financial institutions for Europe, the Middle East and Africa (EMEA) by 2013 and chairman of the bank's EMEA financial institutions group in 2014. I In 2016, Boath left Barclays and is pursuing an employment law claim against the bank, adjourned in December 2016.

Barclays fraud case

In June 2017, following a five-year investigation by the UK's Serious Fraud Office covering

' activities during the

2008 financial crisis The 2008 financial crisis, also known as the global financial crisis (GFC), was a major worldwide financial crisis centered in the United States. The causes of the 2008 crisis included excessive speculation on housing values by both homeowners ...

, the former Barclays chief executive John Varley and three former colleagues, Roger Jenkins, Thomas Kalaris and Boath were charged with conspiracy to commit fraud and the provision of unlawful financial assistance. In February 2020, Boath, along with Thomas Kalaris and Roger Jenkins, were found not guilty on all charges.

References

1958 births Living people Barclays people British bankers Alumni of the University of Manchester {{UK-business-bio-1950s-stub