DISCLOSURES OF INTEREST
Northern Irish personal banking
Paul Geroski, the Chairman of the Commission intends to
appoint Jeremy Seddon, member of the Commission, to the Group
that is conducting this investigation. Jeremy Seddon was head
of BZW's Privatisation and Government Advisory Unit and Vice-Chairman
of BZW Corporate Finance from 1987 to 1995 having joined Barclays
in 1974. From 1995 until his retirement in 1997 he was Chairman
of BZW/Barclays India. He is a member of the defined benefit
section of Barclays Bank (UK) Pension Scheme under which pensions
are based on final pensionable salaries. Annual adjustments
are made in line with inflation in accordance with the Trust
Deed and Rules of the Scheme and are not tied to the income
or profits of any part of Barclays.
Mr Seddon believes that he can discharge the obligations
of a member of the Group investigating Northern Ireland personal
banking independently and impartially. The Competition Commission
believes that Mr Seddons previous employment with Barclays
and his current pension will not compromise the ability of
the group to discharge its functions in an independent and
impartial manner.
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