Arnold quits BarCap

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Mark Arnold has stepped down as chief financial officer of Barclays Capital with a view to taking a one-year break from the industry. Despite initial press reports that Arnold would return to the bank in early 2004, a Barclays Capital spokesperson says Arnold has left the company without being granted an official sabbatical. Patrick Clackson, global head of product control, has taken over his duties.

Arnold’s decision may signify the start of a trend. Although in this case BarCap

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