Jerry del Missier resigns in wake of Libor scandal

Barclays COO and long-time derivatives industry figure steps down hours after resignation of chief executive Bob Diamond

Jerry del Missier has resigned as chief operating officer (COO) of Barclays, hours after chief executive Bob Diamond also stepped down in the wake of the Libor manipulation scandal.

Del Missier had only been promoted to COO on June 22, having previously been co-chief executive of corporate and investment banking. In his new role, he had been charged with leading all operations and information technology activities across Barclays, as well as ensuring the bank meets new regulatory deadlines