[ by Melanie Gretchen ]

Can Barclays save face by appointing a new face of the company?

The British bank continues rolling out its new ranks, after Antony Jenkins was appointed as CEO in August to replace Robert Diamond Jr.  This month, Valerie Soranno Keating, head of the Barclaycard division, and Ashok Vaswani, who will lead the bank's global retail and business banking operations, will join the executive committee.

In addition, David Walker will take over as chairman of Barclays in November, replacing Marcus Agius who also resigned after the bank agreed to pay $453 million to settle charges that it manipulated Libor for financial gain. 

C-I Note: In his first year, Mr. Jenkins will make up to £8.6 million ($13.6 million), according to a statement from Britain’s second-largest lender today.  That is  31% less than Mr. Diamond's £12.5 million ($20.2) per year.  One can imagine how much the other senior members are making (not making): not enough to make up for the settlement payment, but perhaps enough to change the direction, if not the sentiment toward Barclays in the immediate future.

For further details, go to [Dealbook, 10/2/12].