In his new role, Mr del Missier will be responsible for making Barclays a leader within the industry on operational excellence. In partnership with the heads of the businesses and functions, he will lead all operations and information technology activities across Barclays, including those that are part of support functions, with the objective of ensuring that businesses can continue to deliver the highest quality service to clients and customers while also meeting the requirements of shareholders and the emerging regulatory landscape, including those related to resolution planning and ring-fencing.

Mr del Missier takes up his new post immediately, having been Co-Chief Executive of Barclays Corporate and Investment Banking division since 1 October 2010. Mr del Missier retains his position on the Barclays Executive Committee.

Barclays Corporate and Investment Banking will continue to be led by Chief Executive Rich Ricci.

Bob Diamond, Barclays Chief Executive, said today: "Barclays is making good progress executing our four strategic priorities - capital, income, returns and citizenship. This appointment brings even more management focus on accelerating that, as well as our progress in making Barclays resolvable and eventually complying with UK requirements on ring-fencing. It is also fully aligned with our 'One Barclays' model. Jerry has an outstanding track record, and long history of engagement in operations and technology, and I know he will deliver on this agenda at pace."

Jerry del Missier, Barclays Chief Operating Officer, said today: "We intend to make Barclays the industry benchmark for operational excellence and control in the new economic and regulatory environment. I look forward to working in close partnership with colleagues across Barclays to ensure that we continue to exceed our customers' and clients' expectations at every instance, while delivering on our commitments to our shareholders, regulators and broader stakeholders."