LONDON (Reuters) - Activist investor Edward Bramson has submitted an application to join the board at Barclays, the British bank in which his fund vehicle Sherborne Investors holds a 5.1 percent stake.
Sherborne invested in the lender in March 2018 with a view to making changes in its strategy and improving shareholder returns.
Investors will vote at the bank’s annual general meeting on May 2 on the proposal. Bramson has urged Barclays to reduce resources allocated to its investment bank, Reuters has previously reported.
Barclays did not immediately respond to a request for comment.
Reporting By Lawrence White, editing by Sinead Cruise