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Bob Diamond set to become Barclays chief executive

Bob diamond is set to become the new chief executive of Barclays Bank next year which is likely to cause more friction between the UK banking sector and the government. Bob Diamond was once described by Lord Mandelson as the unacceptable face of capitalism and has a reputed £95 million fortune which has on the whole been earned in the investment banking arena.

It is believed that the future chief executive will receive a £1.35 million salary with a £3.375 million bonus pot, something in itself which is likely to attract massive criticism from the UK political arena. While Bob Diamond may not be a recognised name across the UK he is one of the leading lights in the investment banking arena and he also incurred wrath of Vince Cable who once likened his role at Barclays Bank to one of "casino banking".

There's no doubt that Bob Diamond has a colourful career behind him in the investment banking arena but this is a man who has earned Barclays Bank significantly more money than he has taken out of the operation. This is a man who has taken chances and earned massive amounts of money by being able to spot a deal and close a sale.

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