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September 7, 2010
Throw Your 'Diamond' in the Air! Barclays Bumps Bob to CEO Spot
NY Observer
by Mike Taylor
Barclays, the giant British criminal enterprise bank and Brooklyn icon, is getting a new Godfather CEO.
Barclays, the British banking giant that bought Lehman Brothers shortly after its September 2008 bankruptcy, today announced that John Varley would be stepping down as CEO on March 31. Bob Diamond (pictured with Jay-Z at the March 11 Atlantic Yards groundbreaking ceremony in Brooklyn) will succeed Varley.
Diamond, originally from Massachusetts, has been with Barclays for 14 years and currently serves as president in charge of corporate and investment banking and Barclays Wealth. He played a key role in Barclays' purchase of Lehman.
NoLandGrab: And, let's not forget, a key role in Barclays' purchase of Bruce Ratner's arena naming rights.
Photo: Getty Images
Posted by eric at September 7, 2010 9:59 AM