Awards for Excellence 2011: Best Global investment bank
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Awards for Excellence 2011: Best Global investment bank

It’s time to give BarCap the credit it deserves for building a world-class business that is on target to reach its goals.

There’s an awful lot of negativity surrounding Barclays Capital, whether it’s from the markets or from the mainstream media. It’s about time people started to focus on the achievements of Bob ­Diamond and his management team – over the past 12 months, over the past three years since it took on Lehman in the US, and since the firm was reborn almost 15 years ago.

It’s easy to get distracted by the compensation of the bank’s executives, or miscalculations like the Protium spin-off, which even senior managers concede can leave the bank looking "too clever by half".

But here’s the real news. Barclays Capital now stands firmly as one of the world’s best half dozen banking and markets businesses. First it built its flow monster, especially in FICC, where only Deutsche Bank, and arguably JPMorgan, can match it.

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