By Jonathan Davies
The deputy chairman of Barclays has quit less than two weeks after chief executive Antony Jenkins was fired.
Sir Mike Rake, who has been deputy chairman since 2012, is leaving to take up the chairman role at payment processing firm Worldpay.
"I've been very impressed by the Worldpay story so far and am looking forward to being part of the journey," Sir Mike said.
"The payments industry has never been more exciting and Worldpay is at the forefront of this innovation," he added.
Sir Mike Rake is understood to have not been a big fan of Antony Jenkins, who was fired after falling out with the board.
Sir Mike is also chairman of BT Group and was chairman of business organisation CBI between 2013 and 2015.
A Barclays spokesperson said: "Sir Michael Rake is the deputy chairman and senior independent director on the Barclays Board.
"Sir Michael intends to continue in these positions, and be a member of the board, until at least the end of 2015. If and when he stands down from the Barclays board, a new senior independent director will of course have been appointed."