Former Freshfields Bruckhaus Deringer senior partner Anthony Salz has been confirmed as the head of an independent inquiry launched by Barclays in the wake of the Libor rate-rigging scandal.

Salz (pictured), who is currently a vice-chairman at investment bank Rothschild, is also set to appoint an external professional services firm to assist with the probe into the bank’s culture and practices. He will report to Barclays deputy chairman Sir Michael Rake and a sub-committee of the Barclays board, with a “senior independent individual” set to be named as his deputy.