Barclays has announced the appointment of John J. Erdmann as Chief Financial Officer for its US Consumer Bank and Barclays Bank Delaware. In his new role, Erdmann will manage the bank's consumer financial operations in the United States, which include financial reporting, planning and analysis, forecasting, expense management, and financial controls.
Erdmann brings over 25 years of experience in financial services across various industries such as commercial and consumer banking, mortgages, and credit cards. He previously worked at TD Bank as Senior Vice President, Head of Line of Business CFOs for the U.S. Retail business and served as the bank’s U.S. Controller.
"John’s deep banking experience across all critical financial functions, including risk governance and control, will be a tremendous asset to Barclays," said Denny Nealon, CEO of Barclays US Consumer Bank. "His collaborative approach will be a great fit for our culture. We look forward to his contributions as we execute our strategy to grow and strengthen our portfolio and deliver additional value for all our stakeholders."
Throughout his career, Erdmann has held finance leadership roles at PHH Corporation, Bank One Corporation, Discover Financial Services, RBC Mortgage, and MBNA America. He is part of the Rowan University Accounting Advisory Board and was previously on the American Bankers Association’s Accounting Advisory Committee. A graduate of Villanova University and a Certified Public Accountant, Erdmann began his career as an auditor with Ernst & Young in New York City.
“I’m honored to step into this role, particularly during such an exciting period of growth and opportunity for the business,” said Erdmann. “Barclays has a talented team with incredible experience and a solid strategic vision. I look forward to helping Barclays US Consumer Bank expand its footprint in the United States as a leading co-branded credit card and payments partner for top brands.”
Erdmann will assume his position in April under CEO Denny Nealon's leadership. He will also join the executive committees for both the US consumer business and its legal entity BBDE. Angelo Del Giudice will retire from Barclays later this year after nearly ten years with the bank.
Barclays US Consumer Bank is known for being a leading co-branded credit card issuer in the United States offering various financial services products including small business credit cards and installment loans.