Thomas Llewellyn Kalaris (born November 1955) is a British banker, the former chief executive of

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 ...

wealth and investment management.

Early life

Kalaris has a bachelor's degree from

Dickinson College Dickinson College is a Private college, private Liberal arts colleges in the United States, liberal arts college in Carlisle, Pennsylvania, United States. Founded in 1773 as Carlisle Grammar School, Dickinson was chartered on September 9, 1783, ...

Carlisle, Pennsylvania Carlisle is a Borough (Pennsylvania), borough in and the county seat of Cumberland County, Pennsylvania, United States. Carlisle is located within the Cumberland Valley, a highly productive agricultural region. As of the 2020 United States census ...

, and an MBA from the

University of Chicago The University of Chicago (UChicago, Chicago, or UChi) is a Private university, private research university in Chicago, Illinois, United States. Its main campus is in the Hyde Park, Chicago, Hyde Park neighborhood on Chicago's South Side, Chic ...

Career

Kalaris joined Barclays in 1996, and was a member of the bank's executive committee from November 2009. Kalaris was one of the co-founders of Saranac Partners, a wealth management company backed by Standard Life Aberdeen. He stepped down from the firm's management in June 2016, but remains an advisor and shareholder. 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, Kalaris and Richard Boath were charged with conspiracy to commit fraud and the provision of unlawful financial assistance. In February 2020, Kalaris, along with Roger Jenkins and Richard Boath, were found not guilty on all charges. In August 2024, Kalaris lost an appeal in a London tribunal to overturn a decision by the UK Financial Conduct Authority that barred him from holding senior industry positions.

References

1955 births Living people Barclays people British bankers {{UK-business-bio-1950s-stub