Amer Sajed, CEO of Barclaycard International, will retire from his role in July 2017, and step down from his position on the Group Executive Committee at that time.
Barclays will look at internal and external options for the future leadership of its international consumer cards and payments business following Mr Sajed’s retirement.
Jes Staley, Group Chief Executive said: “Amer has made a huge contribution to the growth and development of Barclaycard during his ten years with Barclays, the last two of which have seen him lead that business globally.
"He has been a passionate and effective CEO for his people, an authority for Barclays on the fast moving world of cards and payments, and a strong colleague to me and to his peers on the Group Executive Committee. We wish Amer and his family every happiness, and especially in pursuing his passion for the promotion of civil liberties, and contributing to the community where he lives, which he intends to make his focus following his retirement.”
Commenting on his decision to retire, Mr Sajed said: “After ten incredible years at Barclays, and decades in the financial services industry, I have decided to retire and pursue a new passion.
"I am proud to have been part of nearly doubling the number of customers of Barclaycard and quadrupling our profits in my decade at the bank, but I shall always be proudest of the amazing people I have worked with here who have made our business the best and most innovative credit card company in the world. I wish them even more success for the future.”