London - Barclays, Absa Bank's parent company, on Tuesday said that its chief operating officer Jerry del Missier had become the latest high-profile executive to resign over a rate rigging scandal at the British banking giant.
"Barclays today announces the resignation of its chief operating officer, Jerry del Missier with immediate effect" following the departure of chief executive Bob Diamond and chairman Marcus Agius, a company statement said.
The move came hours after Diamond announced he was stepping down over an interbank loan rate scandal. Agius had announced he would quit on Monday.
Del Missier was previously president of Barclays Capital and co-chief executive of corporate and investment banking. He only took up the role of COO last month.
He said in a statement he was "proud" of what Barclays had achieved.
"We built one of the premier global investment banks from scratch -- something that we are all very proud of," he said.
"The firm is as strong today as it ever has been and is incredibly well placed to succeed within the post financial reform competitive landscape."
Agius added that Del Missier had "played a pivotal role in many of Barclays standout successes during the last 15 years, including his extraordinary contributions as part of the leadership team that built the investment bank."