BarCap loses co-president

Grant Kvalheim, co-president of Barclays Capital, has stepped down. The departure leaves Jerry del Missier as sole president of Barclays Capital.

Kvalheim’s responsibility for credit trading was passed to del Missier as part of an internal reorganisation in September 2007, according to the bank. His remaining responsibilities for investment banking, loan origination and syndication – as well as overall responsibility for Asia – will temporarily go to the president and chief executive of the

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