As Barclays Capital continues its recruitment drive in investment banking, chances are good that a few jerks could slip by.
BarCap's president Robert Diamond is known for having a ''no-jerk rule.'' But the U.K. investment bank could risk eroding its culture amid its rapid expansion, according to Financial News.
Headcount has grown by 40% in recent years, and hiring is expected to continue until the end of the second quarter in most businesses. Meantime, the bank is still integrating the North American investment-banking operations of Lehman.
BarCap has had a reputation as a tight-knit, fiercely loyal shop with a high retention rate, low partner-to-employee ratio and a relative lack of emphasis on hierarchy compared to rivals.