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&lt;p&gt;Can a Yank with a &quot;fondness for cigars&quot; and a golf handicap of nine who&#39;s been called &quot;the unacceptable face of banking&quot; and &quot;the real-life Gordon Gekko&quot; lead to prosperity &quot;one of the truest English institutions&quot; whose brand value is on par with English tea and Burberry?&lt;/p&gt;&lt;p&gt;&lt;img class=&quot;embeddedObject&quot; src=&quot;http://content.screencast.com/users/dloos/folders/Jing/media/3c421274-10f8-4813-944b-87731aeb3762/00000107.png&quot; border=&quot;0&quot; alt=&quot;&quot; width=&quot;285&quot; height=&quot;228&quot; align=&quot;left&quot;&gt;If you&#39;re a Barclays plc shareholder, come April 1, 2011, when the American-born banker Bobby &quot;Blood&quot; Diamond takes over as CEO of the storied English institution, you will be hoping the answer is yes.&lt;/p&gt;&lt;p&gt;Diamond, a native son of Massachusetts who&#39;ll soon be the king of Barclays, is the subject of a January cover story in , which points out that Diamond&#39;s road ahead will not be a smooth one. Barclays&#39; stock has fallen 16 percent in the past six months, and given a drop in investment banking revenue industry-wide, the firm will have to boost non-investment banking revenue in the coming years, or else risk dropping in the banking ranks.&lt;/p&gt;&lt;p&gt;&lt;em&gt;Bloomberg&lt;/em&gt; also points out that Bob&#39;s route to Barclays&#39; biggest office began in unorthodox fashion: through the &quot;back door.&quot;&lt;/p&gt;&lt;p&gt;A graduate of Maine&#39;s Colby College, Diamond didn&#39;t go to Stanford to receive his MBA but to Stamford -- Stamford, Connecticut, that is, where Bob graduated from the University of Connecticut. Afterward, Diamond didn&#39;t go to work on Wall Street, or even to a large, prestigious firm such as IBM. Instead, he took a job at United States Surgical Corp., &quot;betting he could gain more experience at a smaller company.&quot;&lt;/p&gt;&lt;p&gt;The bet paid off, if only because &quot;when his boss at U.S. Surgical left for Morgan Stanley, Diamond followed him to work in the firm&#39;s back office and later became an assistant to the chief financial officer. It was a backdoor route to an establishment Wall Street firm.&quot;&lt;/p&gt;&lt;p&gt;After leaving Morgan Stanley, Diamond endured &quot;four unhappy years at CSFB&quot; before landing at Barclays investment banking unit, Barcalys de Zoete Wedd, which was renamed Barclays Capital in 1997.&lt;/p&gt;&lt;p&gt;In 2003, Diamond was passed over for the top spot at Barclays plc for John Varley (who&#39;s five years younger than Diamond). In 2008, Diamond famously engineered the purchase of the U.S. operations of the bankrupt Lehman Brothers for a steal of a price and, since, he has successfully led Barclays Capital through a worldwide credit crisis, significantly increasing the unit&#39;s global standing in the process.&lt;/p&gt;

Derek Loosvelt

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Rough Road Ahead for Bob Diamond, Barclays' Back-Door Man

Can a Yank with a "fondness for cigars" and a golf handicap of nine who's been called "the unacceptable face of banking" and "the real-life Gordon Gekko" lead to prosperity "one of the truest English institutions" whose brand value is on par with English tea and Burberry?If you're a Barclays plc shareholder, come April 1, 2011, when the American-born banker Bobby "Blood" Diamond takes over as CEO of the storied English institution, you will be hoping the answer is yes.Diamond, a native son of Massachusetts who'll soon be the king of Barclays, is the subject of a January cover story in , which points out that Diamond's road ahead will not be a smooth one. Barclays' stock has fallen 16 percent in the past six months, and given a drop in investment banking revenue industry-wide, the firm will have to boost non-investment banking revenue in the coming years, or else risk dropping in the banking ranks.Bloomberg also points out that Bob's route to Barclays' biggest office began in unorthodox fashion: through the "back door.

Rough Road Ahead for Bob Diamond, Barclays&#39; Back-Door Man

Rough Road Ahead for Bob Diamond, Barclays' Back-Door Man | Career Advice - Vault

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Rough Road Ahead for Bob Diamond, Barclays' Back-Door Man

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