Jerry del Missier, president of Barclays Capital, is relocating to New York as part of a big push by the investment bank in the US.

Del Missier, who was promoted to become president of Barclays Capital at the end of last year, said: "We see a great opportunity in the US where market dislocation has affected a number of participants. We are going to build up our corporate coverage and grow our commodities, rates and foreign exchange and high yield businesses."