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A logo of Barclays bank is seen outside a branch in Altrincham, northern England April 26, 2012.Phil Noble/Reuters

Barclays, one of Europe's biggest banks, appears to be setting up a Canadian in a strong position to be the lender's next chief executive officer.

The bank Friday named Jerry del Missier, a native of Ontario, to the newly created role of chief operating officer, right below CEO Bob Diamond. Mr. del Missier's job will be to help ensure all the bank's businesses are working together properly as the firm deals with global regulatory change.

Mr. del Missier had been co-CEO of Barclays Capital, the firm's huge investment banking arm. Barclays Capital vaulted into the top ranks of investment banks when the company bought much of the remains of Lehman Bros. after that firm failed.

Barclays is so heavily weighted to investment banking now that it's likely that future CEOs will come from the ranks of the securities business, as Mr. Diamond did.

Mr. del Missier, an engineer by training, is a derivatives expert who rose up through the ranks at Barclays.

He's also one of a handful of Canadian derivatives traders who early in their career worked together at Bankers Trust (which was later acquired by Deutsche Bank) and have since risen to senior roles in the banking world – a group that includes National Bank of Canada CEO Louis Vachon and Ricardo Pascoe, who is head of National Bank's financial markets business.

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