Edward Bramson’s bid to gain a seat on the board at Barclays has been overwhelmingly rejected by shareholders, but the activist investor could continue to push for change at the bank.

Around 87% of investors who voted at the UK lender’s annual general meeting on May 2 declined to grant Bramson a non-executive director role. By contrast, 99% of those who voted agreed to elect Nigel Higgins, the former Rothschild banker, as chair of the board.