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Tuesday, July 03, 2012

Jerry del Missier Resigns From Barclays - One Month Into His Role #Dismissier

In June 2012 Jerry del Missier was appointed as Barclays Co-Chief Executive of Corporate and Investment Banking.

Less than one month on, and he is resigning from Barclays.

Another career shattered by greed and fraud.

Here is his resingation statement:
"My 15 years at Barclays have been a time of great accomplishment, both for me personally and for the bank. I am grateful for the opportunities that were provided to me and proud of what we achieved. We built one of the premier global investment banks from scratch – something that we are all very proud of. The firm is as strong today as it ever has been and is incredibly well placed to succeed within the post financial reform competitive landscape.   

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."
Here is his Barclays resume (which now acts as a form of career obituary).

del Missier

Chief Operating Officer

Mr. del Missier is Chief Operating Officer of Barclays. He is a member of Barclays Executive Committee.

Mr. del Missier joined Barclays in June 1997 as Head of Derivatives and went on to assume responsibility for Trading, Sales and Research. He was appointed Co-President of Barclays Capital in 2005 and appointed President in 2008. In 2009, Mr del Missier became Co-Chief Executive of Corporate and Investment Banking, and assumed his current position in June 2012.

Prior to Barclays, he was at Bankers Trust in London as a Senior Managing Director of Derivatives Products, responsible for the European business. Previously, he was based in Toronto, Canada, responsible for the Canadian Dollar interest rate derivatives business. Before Bankers Trust, he worked for Bank of Nova Scotia.

Mr. del Missier is Chairman of the Board of the Securities Industry and Financial Markets Association (SIFMA), and serves on the Boards of Room to Read; the Global Financial Markets Association (GFMA); the Markets Management Group (MMG) of the International Institute of Finance (IIF); British American Business Council; the Metropolitan Opera in New York, and the Advisory Board of the Queen’s University School of Business in Kingston, Ontario. He is a past Board member of the International Swaps and Derivatives Association (ISDA) and the Queen’s University Board of Trustees.

Mr. del Missier has a BSc in Chemical Engineering (1985) and an MBA (1987), both from Queen’s University, Ontario.

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