Diamond’s heir apparent opens up on bail-outs
Toby Fildes, EuroWeek’s managing editor, met Barclays Capital’s president Jerry del Missier last month and asked him why it is so important for Barclays to steer clear of government bail-out money, whether it is fair for a bank like Barclays that has so far avoided huge writedowns to be subjected to increased regulation and if buying Lehman’s US business was a good deal but at the wrong time.
When del Missier became sole president of Barclays Capital last January following the departure of Grant Kvalheim, he was quickly proclaimed the heir apparent to Bob Diamond, BarCaps chief executive officer.
A year ago, president of Barclays Capital was the dream job for any banker. Even though the credit
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