Update: Buxton sides with Barclays in fight against activist attack - Reports

Bank under attack from Edward Bramson

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Edward Bramson has not yet revealed his plans for the bank
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Edward Bramson has not yet revealed his plans for the bank

Merian Global Investors' CEO Richard Buxton has voted against Edward Bramson's bid for a seat on the board of Barclays, as the bank tries to fight off an attack from the activist investor.

Buxton, a leading investor in Barclays, said the bank does "not need a hostile disruptor in their midst, arguing on false numbers against their execution of the existing strategy to improve returns, for his own short-term ends", according to The Times.  He adds his voice to David Cumming, CIO at Aviva Investors, who also said he would side with Barclays, despite supporting Bramson in the past. Merian and Aviva collectively own 0.3% of the bank, while Aviva also has a 14% holding in Bramson's Sherborne Investors.  Planned attack Last year, The Telegraph reported that Barclays Bank...

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