Barclaycard US Hires Industry Veteran to Lead Its Thriving Co-Brand Partnership Business

WILMINGTON, Del., March 3 /PRNewswire/ -- Barclaycard US todayannounced the appointment of Scott A. Young as General Manager,Partnerships. In this role, Mr. Young will be responsible for driving thestrategy and profitability of Barclaycard US' thriving Partnership businesswithin the Americas, including leading the Strategic Alliances and PartnerManagement teams. Mr. Young will report directly to Barclaycard US CEOLloyd M. Wirshba and join the Barclaycard US Executive Committee. Mr. Young has more than 17 years of experience in consumer lending andcomes with a proven track record of developing and managing credit cardpartnerships. He joins Barclaycard US from GE Consumer Finance were he mostrecently served as president and chief executive officer of its PersonalFinance business. His responsibilities there included managing the agentbank, affinity and direct to consumer credit card programs, as well asseveral lending partnerships with high-profile retailers. In addition, hemanaged non-card consumer lending products including home, personal, autoand student loans, as well as a savings product. Prior to GE, Mr. Youngspent 12 years at MBNA (now Bank of America), where he held positions inmarketing, business development, operations and risk and managed theWachovia credit card partnership, one of MBNA's largest partnershipportfolios at the time. "The significant growth of Barclaycard US has been fueled by asuccessful co-branded business strategy, innovative partner programs and afocus on the satisfaction of partners and cardholders," said Wirshba. "I'mconfident that Scott's industry expertise and experience in runningsuccessful partner programs will be leveraged to ensure that Barclaycard USpartner programs continue to be the foundation of our business in thefuture. "Barclaycard US is an extraordinary organization with its growingportfolio of distinguished name brand partners," said Mr. Young. "Itswillingness to work closely with partners, customize unique programs andcreate effective, new solutions is what differentiates Barclaycard US fromother issuers." Barclaycard US currently has more than $6 billion in receivables, over4 million accounts and over 60 co-branded partnerships. About Barclays PLC Barclays PLC is a major global financial services provider engaged inretail and commercial banking, credit cards, investment banking, wealthmanagement and investment management services. It is one of the largestfinancial services companies in the world by market capitalization. Withover 300 years of history and expertise in banking, Barclays operates inover 50 countries and employs over 135,000 people. Barclays moves, lends,invests and protects money for over 27 million customers and clientsworldwide. For further information about Barclays, please visit our websitehttp://www.barclays.com. Headquartered in Wilmington, DE, Barclaycard US has more than 60partnerships with some of the country's most successful travel,entertainment, retail and financial institutions including US Airways,Lufthansa, Barnes & Noble, Best Western, BJ's Wholesale Club, Travelocityand Carnival Cruise Lines. The company employs more than 1,100 associates,and was named a Top Employer in Delaware in 2007. For more informationplease visit http://www.barclaycardus.com.