The decision to appoint Bob Diamond as Barclays Group Chief Executive brings welcome continuity to one of the City's leading financial institutions British Bankers' Association chief executive Angela Knight said today.
Angela Knight said:
"Barclays is a major UK company which, under the leadership of John Varley, has grown to be one of the world’s most successful banks. With Bob Diamond taking over the helm from John Varley there will be welcome continuity from a formdable team which steered one of the UK's leading financial insitutions safely and successfully through the recent global financial problems. It is also testament to Barclays' faith in the universal banking model bringing as it does Bob Diamond's investment banking expertise into the bank's retail operation."