10 April 2013
New York
Reporter: Georgina Lavers
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Harry Harrison steps into Nagpal's role at Barclays


Harry Harrison has stepped into Ajay Nagpal's role as head of Barclays Capital prime services business. Nagpal left the bank to join Millennium, the $18 billion hedge fun run by Israel Englander, as its chief operating officer, and is expected to make his move official in July.

A Barclays spokesperson said that Harrison has been appointed as head of prime services in addition to his existing responsibilities as head of rates, securitized products and municipals trading for Barclays.

In January, Barclays was forced to name Harrison, as well as Bob Diamond and John Varley, finance director Chris Lucas, and other top executives and traders as linked to the Libor scandal, despite their calls for anonymity.

A UK judge forced the bank's hand during a preliminary hearing for a British test case on the misselling of interest rate swaps brought by Guardian Care Homes.

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