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Who'll replace Bob Diamond?

Tuesday, July 03, 2012 - 02:45

July 3 - Barclays outgoing chairman Marcus Agius will lead the search for a new CEO but analysts say he faces a tough task finding someone suitable.

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But at least chief Bob Diamond has quit but who'll take his place. Outgoing chairman Marcus -- -- is staying on for now to lead the search. He'll be considering candidates from both inside and outside the bank. Important thing will be that there there's someone who is untainted. I what's happening here so. Even if they look to an insider as a replacement it's going to have to be someone who is Encino perceived as being a part of this whole situation. It's going to be a big ask actually to find someone appropriate to fit the bill. So who with the names in the frame headline writes his favorite bank have -- Richie took over from diamonds as head of Barclays investment bank. A company man since 1994. He really made his name when he let the buyouts of Lehman Brothers in 2008. But as one of diamonds -- left tenants -- may be too tainted by association. But please vice chairman of former JPMorgan fascinate CEO of the key K Ras could also be a contender. He's also close to diamond but his pot time's senior advisor role may mean he's not so readily associated with the libel fixing scandal. Antony Jenkins is looking the most likely internal candidates. Known as the nice -- of banking is currently the boss of Barclays retail and business division. It's a side of the bank that's had its own scandal with the miss selling a payment protection insurance. But that may be politically less toxic than -- she's involvement with what business secretary Vince Cable calls casino style investment banking. So what's -- pages decides to look outside the firm. In that case ousted JPMorgan investment banking chief bill winters is one big name in the frame. -- as is stated in some -- as the speaking up about the risks being taken by JPMorgan's chief investment office. Long before the recently announced multibillion dollar trading notes but just how attractive is the role of -- Analyst Ralph Silva doesn't think it's that enticing. The people who could take the job probably don't want the job remember that we're not done yet. This is the first bank of -- we believe -- fifteen banks are under investigation. When the next banks hit the leader Barbara please remember that's gonna be a complete tremendous amount of pressure. And I'm not sure everyone wants that job. Finding someone who can run such a vast global investment and retail banking operation will be a tough task. Diamonds resignation may have been politically motivated. But the lack of an obvious successor is one of the main reasons shareholders were reluctant to see him step down in the first place. Nigel hailed it for Royces.

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Who'll replace Bob Diamond?

Tuesday, July 03, 2012 - 02:45