Barclays has drawn a line under the Bob Diamond era, ejecting the last two senior executives from his period in charge, with the departures of Rich Ricci, head of investment banking, and Tom Kalaris, who ran wealth management.
Antony Jenkins, who took over as Barclays’ chief executive last August in the wake of the UK bank’s ￡290m Libor rate manipulation settlement and Mr Diamond’s subsequent resignation, said he needed the “right senior team in place” to deliver his new “strategy and commitments”.
The departures, in particular that of Mr Ricci, had been widely expected given the men’s closeness to Mr Diamond, with whom they had worked since 1997.
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