Robert Diamond Named New Barclays CEO
LONDON — Robert E. Diamond Jr., who built Barclays PLC into a global powerhouse in investment banking and has been criticized for his lavish pay, will become chief executive next year, the company announced Tuesday.
Diamond, branded "the unacceptable face of banking" by a former government minister, will succeed John Varley, who guided Barclays through the credit crisis without resorting to a government bailout.
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