Bloomberg News

Barclays Capital’s del Missier Says Unit ‘Well Positioned’

January 12, 2012

Jan. 12 (Bloomberg) -- Barclays Capital co-Chief Executive Officer Jerry del Missier said the unit is “well-positioned” for the “challenging environment” facing most securities firms.

“We have a very strong presence in all our global markets businesses,” he said in a Bloomberg Television interview today, adding that 2012 is going to be a better year for investment banks than 2011.

His comments come as Royal Bank of Scotland Group Plc, Britain’s biggest government-owned bank, said earlier today that it will cut about 4,800 jobs, including 3,500 at its investment bank over the next three years, as it jettisons unprofitable cash equities and merger-advisory operations.

--Editors: Keith Campbell, Francis Harris

To contact the reporters on this story: achoudhury@bloomberg.net or achoudhury@bloomberg.net at To contact the editor responsible for this story: Edward Evans at eevans3@bloomberg.net


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