Who has the steel to take over the Diamond hotseat?

It's the worst best job in the world: The future boss of Barclays will command an eight-figure salary and bonus package, oversee a genuinely global bank, with an enviable market position and have the financial world hanging on his every word.

At the same time he will have to defend the indefensible in the form of bonuses while reforming a culture that allowed traders to receive emails offering bottles of Bollinger as thanks for attempting to fixing Libor interest rates.

Here we present a gambler's guide to the names in the frame. On the other hand, Barclays may just pluck some AN Other from abroad who's untainted by scandal and none of the bookies have thought of.

Bill Winters

Best price 5/1 (Cantor Index)

Why he's credible

The former chief executive of JP Morgan in Europe knows London well. Well respected, he played a big role in keeping JP clear of muck in run up to the financial crisis. Apparently, JP's chief executive Jamie Dimon didn't see him as a future boss. That's not necessarily a handicap, as post London Whale, Mr Dimon's judgement doesn't look as good as it did.

Why he's not

An investment banker, American born with dual British nationality exactly like a certain Robert E Diamond Jr. Has been linked with big jobs before only to turn them down.

Our view If an external hire is made it's rarely the favourite. But at 3-1, he has to be worth an interest.

Antony Jenkins

Best Price 9-2 (William Hill/Cantor Index)

Why he's credible

The well-liked former Citigroup executive is a retail banker and Brit who's star is on the rise. By a distance the most credible internal candidate and been mentioned as future CEO in past. Was in running to be boss of Lloyds Banking Group

Why he's not

Limited experience of investment banking so might not be in the best position to keep an eye on Barclays Investment Bank. Mr Agius may feel a clean break with the past and is needed.

Our view He's Paddy Power's idea of a 5-4 favourite. He'll be on the shortlist and his star has been rising. But clever folk in the City will tell you an external hire is needed to provide a "clean break" with the past.

Richard Meddings

Best Price 8-1 (William Hill)

Why he's credible

Standard Chartered's finance director is bright, personable, talented, and could be tempted given boss Peter Sands isn't going anywhere. By some estimations Standard Chartered, which is focussed on emerging markets, is world's best bank. Dream hire?

Why he's not

Expertise in investment banking isn't enormous (although better than some rivals). Stan Chart has done so spectacularly well because it is filled with talented refugees from the sort of aggressive culture at Barclays (or JP Morgan, or Citi). So might not want it.

Our view In many respects he could be seen as a dream hire, but small stakes.

Naguib Kheraj

Best price 16-1 (William Hill)

Why he's credible

Cricket loving former finance director under John Varley who moved on to become chief executive of Cazenove, the broker, handling its takeover by JP Morgan. Very bright, and knows his onions when it comes to investment banking. As low as 5-1 with Ladbrokes.

Why he's not

His appointment might be seen as a retrograde step and he's made a fair few enemies.

Our view In with a shot, but don't bank on it.

Gary Hoffman

Best price 10-1 (William Hill)

Why he's credible

Experienced, if occasionally abrasive, executive who was appointed by the Government to sort out Northern Rock and got it into the position so the "good" bank could be sold.

Why he's not

Another ex Barclays man, blotted his copybook while in charge of Barclaycard. Unable to pull off acquisition of Verde from Lloyds as chief executive of "new simple" bank NBNK. It's still just a shell company.

Our view There's been something of a punt on him, and Ladbrokes briefly suspended its markets. It has him at 2-1. We'd see him as a longshot.

David Roberts/ Frits Seegers

Best price 8-1 (both of them with Paddy Power)

Why they're credible

They're former Barclays executives who know retail and business banking. Untainted by recent events.

Why they're not

Lack investment banking experience, and bringing either back a retrograde step. Plus either one of them could prompt Jenkins to walk. Mr Agius would rather avoid that.

Our view Their odds ought to be more like 25-1. Or higher. Steer clear.

Hector Sants

Best price 20-1 (Ladbrokes)

Why he's credible

Are you kidding? Former investment banker who became a regulator when made head of the Financial Services Authority before a move to the Bank of England.

Why he's not

Might lack the appetite. But he is as low as 5-2 with City bookie Cantor Index. That's worthy of note.

Our view It looks unlikely but 20-1 is a huge price for an intriguing dark horse who has the tools to win the race if he wants to. Take it now.

Christopher Lucas

Best price 10-1 (William Hill)

Why he's credible

Competent finance director who knows the business well.

Why he's not

There are some finance directors who can step up to become chief executive but Mr Lucas wouldn't appear to be one of them.

Our view Merits an interview if he wants the job but hard to fancy.

Oswald Grübel

Best price 12/1 (Ladbrokes)

Why he's credible

Uber experienced Swiss banker who turned around Credit Suisse and was hand-picked to turn around UBS for the same reason. Has ticks in all the right boxes.

Why he's not

Was succeeding at UBS until it was hit by a rogue trader scandal which forced his resignation. Fans argue it was hardly his fault, but tarred.

Our view The trading scandal probably kills it for him. Otherwise he'd be a more than lively outsider.

Prices correct at time of going live

PROMOTED VIDEO
News
ebooksAn unforgettable anthology of contemporary reportage
Life and Style
Britons buy more than 30 million handsets each year, keeping them for an average of 18 months
tech
Arts and Entertainment
Alloysious Massaquoi, 'G' Hastings and Kayus Bankole of Young Fathers are the surprise winners of this year's Mercury Music Prize
musicThe surprise winners of the Mercury Prize – and a very brief acceptance speech
Arts and Entertainment
TV Presenters Ant McPartlin and Dec Donnelly. Winners of the 'Entertainment Programme' award for 'Ant and Dec's Saturday Night Takeaway'
musicAnt and Dec confirmed as hosts of next year's Brit Awards
Arts and Entertainment
Orson Welles made Citizen Kane at 25, and battled with Hollywood film studios thereafter
film
News
video
Latest stories from i100
Have you tried new the Independent Digital Edition apps?
Independent Dating
and  

By clicking 'Search' you
are agreeing to our
Terms of Use.

iJobs Job Widget
iJobs Money & Business

Finance Assistant - Part time - 9 month FTC

£20000 - £23250 Per Annum pro rata: Clearwater People Solutions Ltd: Pro rata ...

Marketing Manager

£40 - 48k + Benefits: Guru Careers: We are seeking a Marketing Manager to join...

Market Risk Manager - Investment Banking - Mandarin Speaker

£45,000 - £65,000: Saxton Leigh: Our client is a well-known APAC Corporate and...

Compensation and Benefits Manager - Brentwood - Circa £60,000

£60000 per annum: Ashdown Group: Compensation and Benefits Manager - Compensat...

Day In a Page

Isis in Syria: A general reveals the lack of communication with the US - and his country's awkward relationship with their allies-by-default

A Syrian general speaks

A senior officer of Bashar al-Assad’s regime talks to Robert Fisk about his army’s brutal struggle with Isis, in a dirty war whose challenges include widespread atrocities
‘A bit of a shock...’ Cambridge economist with Glasgow roots becomes Zambia’s acting President

‘A bit of a shock...’ Economist with Glasgow roots becomes Zambia’s acting President

Guy Scott's predecessor, Michael Sata, died in a London hospital this week after a lengthy illness
Fall of the Berlin Wall: History catches up with Erich Honecker - the East German leader who praised the Iron Curtain and claimed it prevented a Third World War

Fall of the Berlin Wall

History catches up with Erich Honecker - the East German leader who praised the Iron Curtain and claimed it prevented a Third World War
How to turn your mobile phone into easy money

Turn your mobile phone into easy money

There are 90 million unused mobiles in the UK, which would be worth £7bn if we cashed them in, says David Crookes
Independent writers remember their Saturday jobs:

Independent writers remember their Saturday jobs

"I have never regarded anything I have done in "the media" as a proper job"
Lyricist Richard Thomas shares his 11-step recipe for creating a hit West End musical

11-step recipe for creating a West End hit

Richard Thomas, the lyricist behind the Jerry Springer and Anna Nicole Smith operas, explains how Bob Dylan, 'Breaking Bad' and even Noam Chomsky inspired his songbook for the new musical 'Made in Dagenham'
Tonke Dragt's The Letter for the King has finally been translated into English ... 50 years on

Buried treasure: The Letter for the King

The coming-of-age tale about a boy and his mission to save a mythical kingdom has sold a million copies since it was written by an eccentric Dutchwoman in 1962. Yet until last year, no one had read it in English
Can instilling a sense of entrepreneurship in pupils have a positive effect on their learning?

The school that means business

Richard Garner heads to Lancashire, where developing the 'dragons' of the future is also helping one community academy to achieve its educational goals
10 best tablets

The world in your pocket: 10 best tablets

They’re thin, they’re light, you can use them for work on the move or keeping entertained
Lutz Pfannenstiel: The goalkeeper who gave up Bayern Munich for the Crazy Gang, Bradford and a whirlwind trawl across continents

Lutz Pfannenstiel interview

The goalkeeper who gave up Bayern Munich for the Crazy Gang, Bradford and a whirlwind trawl across continents
Pete Jenson: Popular Jürgen Klopp can reignite Borussia Dortmund’s season with visit to Bayern Munich

Pete Jenson's a Different League

Popular Klopp can reignite Dortmund’s season with visit to Bayern
John Cantlie video proves that Isis expects victory in Kobani

Cantlie video proves that Isis expects victory in Kobani

The use of the British hostage demonstrates once again the militants' skill and originality in conducting a propaganda war, says Patrick Cockburn
The killer instinct: The man who helps students spot potential murderers

The killer instinct

Phil Chalmers travels the US warning students how to spot possible future murderers, but can his contentious methods really stop the bloodshed?
Clothing the gap: A new exhibition celebrates women who stood apart from the fashion herd

Clothing the gap

A new exhibition celebrates women who stood apart from the fashion herd
Fall of the Berlin Wall: Goodbye to all that - the lost world beyond the Iron Curtain

The Fall of the Berlin Wall

Goodbye to all that - the lost world beyond the Iron Curtain