Barclays Capital chief executive Bob Diamond is aiming to double pre-tax profits at the UK investment bank to £2.6bn (€3.8bn) over the next five years as it grows its international business and expands in sectors including leveraged finance and derivatives.

Bloomberg reports that Diamond plans to increase profits at the investment bank by at least 15% each year for the next five years as it gains debt market share and wins more business in derivatives and risk management advisory.