Barclays names ex-Goldman banker to board

LONDON (Reuters) - Barclays named a Goldman Sachs veteran to its board on Thursday on the day a major review into UK corporate governance called for more banking expertise on bank's boards.

Britain's second biggest bank said Reuben Jeffery III, who served in the U.S. government as Under Secretary of State for Economic, Energy and Agricultural Affairs from 2007 until earlier this year, will join its board immediately.

Jeffery, 55, spent 18 years at Goldman, including as managing partner in Paris from 1997 to 2001 and head of its European financial institutions group in London from 1992 to 1997.

The Yale and Stanford graduate left Goldman to become special adviser on Lower Manhattan Development after the September 2001 attacks in New York and held other government positions under George W. Bush's administration.

In 2005, he became chairman of the U.S. Commodity Futures Trading Commission. He is a senior advisor at the Centre for Strategic & International Studies in Washington.

The Walker Report on corporate governance, released on Thursday, said banks should recruit more non-executives with banking experience.

A government review six years ago called for broader and more diverse bank boards, but the financial crisis prompted criticism that boards lacked relevant experience, with Royal Bank of Scotland, HBOS and Northern Rock all chaired by non-bankers.

Barclays also named Richard Broadbent as its deputy chairman, replacing Nigel Rudd, who retired from the post in April. Broadbent has been on the bank's board since 2003.

(Reporting by Steve Slater; Editing by Jon Loades-Carter)