Del Missier gets new role with Barclays

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The Independent Online

Barclays yesterday appointed one its co-heads of investment banking, Jerry del Missier, to the new position of chief operating officer.

Del Messier has been one of Barclays best-paid executives, ranking second only to chief executive Bob Diamond in 2010 when he picked up £14.2m.

In his new role, Mr del Missier is expected to take charge of the operational and technical issues set by ring-fencing, resolution recovery and the creation of "One Barclays", which has already seen it drop the BarCap name for the investment bank.

Senior sources said his move did not signal that he would be Mr Diamond's successor.

The investment bank will now be headed solely by Rich Ricci.

Mr del Missier, 50, said: "We intend to make Barclays the industry benchmark for operational excellence and control...

"I look forward to working in close partnership with colleagues across Barclays to ensure that we continue to exceed our customers' and clients' expectations at every instance, while delivering on our commitments to our shareholders, regulators and broader stakeholders."