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Diamond Parries Pay Attacks With Public Trust Vow


As 1,100 managing directors from Barclays Capital descended on the Grosvenor House hotel near London’s Hyde Park in late September, they had more to celebrate than having successfully swallowed the North American unit of Lehman Brothers Holdings Inc. two years earlier. Their guy, Bob Diamond, the Massachusetts-born founder of Barclays Capital, had just been handed the top job at parent Barclays Plc in a sign of how he had transformed the 320-year-old British institution in his 14 years as investment bank chief, Bloomberg Markets magazine reports in its January issue.

“Bobtimistic” is how Rich Ricci, Barclays Capital’s new co-chief executive officer, described Diamond’s eternally upbeat attitude to the assembled executives as he introduced a five-minute video send-off.