Del Missier to oversee Barclays shake-up One of Barclays" most senior investment bankers has been handed responsibility for leading the shake-up of the lender in the wake of the Government's White Paper on industry reform. Jerry del Missier, co-head of Barclays" corporate and investment banking division, formerly known as Barclays Capital, has been given the job of chief operating officer. In his new role, Mr del Missier, a Canadian, will lead the bank's response to the White Paper, which will force lenders to ring-fence their retail arms from their investment banking operations. The changes are intended to allow the authorities to seize a bank's retail business to protect depositors in the event it encountered trouble. "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," said Bob Diamond, chief executive of Barclays. Mr del Missier said: "We intend to make Barclays the industry benchmark for operational excellence and control in the new economic and regulatory environment." Rich Ricci will take sole charge of the investment banking division in the wake of Mr del Missier's move. Mr del Missier is one of the highest-paid executives at Barclays and received a salary and bonus package for 2011 worth £6.7m. On top of this, he realised a further £10.8m in cash from past share awards. He is a long-time associate of Mr Diamond and has a background in the credit derivatives trading side of the investment banking business.