Ex-Barclays exec starts up own firm

Del Missier Contradicts Diamond Still

The former chief operating officer of Barclays is setting up his own investment firm, three years after the Libor scandal prompted his resignation from the bank.

The Daily Telegraph reports that Jerry del Missier, once the highest-paid employee at Barclays, registered Copper Street Capital LLP at Companies House earlier this month.

The Canadian financier has brought in Joseph McNeila, a former managing director at Goldman Sachs, as a director, while former Capco consultant Vishal Shete is also reportedly joining the start-up as chief operating officer. The firm is set to invest in other new and existing financial companies.

Copper Street is in its infancy, with an office in a serviced building in Maidenhead, in the suburban fringes west of London. Other companies registered at the address include a frozen foods distributor, a contractor accountant and a plumber named Flush Gordon.

To access the complete Daily Telegraph article hit the link below:

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