Barclays COO del Missier quits bank after Diamond exit

LONDON Tue Jul 3, 2012 10:02am EDT

LONDON (Reuters) - Barclays' newly appointed Chief Operating Officer, Jerry del Missier, followed his chief executive Bob Diamond and resigned from the bank on Tuesday after an interest rate-rigging scandal.

Barclays said he will leave with immediate effect.

Del Missier has for years been a key lieutenant of Diamond, helping him build up the Barclays Capital investment bank, and was appointed COO last month.

Diamond resigned earlier on Tuesday in a sudden move after a record fine for the bank over its manipulation of Libor submissions.

"I have every confidence that the Board and Executive Management of Barclays will be successful in executing their plans, and I wish them the best of luck in doing so," del Missier said in a statement.

(Reporting by Steve Slater, editing by Sinead Cruise)

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Comments (2)
scythe wrote:
another barclays “insider”rate-rigging, fraudulent trader

should be sent to helmand province to work in a road chain gang

Jul 03, 2012 8:18am EDT  --  Report as abuse
mulholland wrote:
but hey, they were all doing it.

Jul 03, 2012 3:12pm EDT  --  Report as abuse
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