SLI's Moore: How Barclays can turn from a caterpillar into a butterfly

Standard Life Investments UK manager Thomas Moore has said Barclays can transform itself under the watchful eye of interim chief executive John McFarlane.

Moore (pictured), manager of the £930m SLI UK Equity Income Unconstrained fund, holds a small position in Barclays at 1.9% of the portfolio but has prior experience of McFarlane's abilities via his 2.9% holding in Aviva. McFarlane worked at Aviva from September 2011, becoming chairman in July 2013 before leaving at the start of 2015. Over the last five years to 30 July,  Aviva's share price has risen by 46%. UK managers boost big bank exposure in RBS rush Moore said: "McFarlane cut Aviva's sprawling empire back. The firm was doing too much and not doing it well enough. The vario...